Hamilton Lane Inc. (NASDAQ:HLNE) Receives $160.50 Consensus Target Price from Analysts

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have received an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $160.50.

HLNE has been the topic of several analyst reports. The Goldman Sachs Group upgraded Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Thursday, November 6th. Weiss Ratings lowered shares of Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. UBS Group began coverage on shares of Hamilton Lane in a research note on Thursday, December 11th. They issued a “buy” rating and a $166.00 price objective on the stock. BMO Capital Markets started coverage on Hamilton Lane in a research report on Friday, October 3rd. They set an “outperform” rating and a $150.00 target price on the stock. Finally, Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $158.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th.

Hamilton Lane Stock Up 1.7%

HLNE stock opened at $136.66 on Wednesday. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 24.76 and a beta of 1.30. The company has a fifty day moving average price of $127.81 and a 200 day moving average price of $138.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.49 and a quick ratio of 3.49. Hamilton Lane has a 12 month low of $111.98 and a 12 month high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.46. The business had revenue of $190.88 million during the quarter, compared to the consensus estimate of $171.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 29.43%. Sell-side analysts expect that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 19th will be paid a $0.54 dividend. The ex-dividend date is Friday, December 19th. This represents a $2.16 annualized dividend and a dividend yield of 1.6%. Hamilton Lane’s dividend payout ratio (DPR) is 39.13%.

Insider Transactions at Hamilton Lane

In related news, CEO Juan Delgado-Moreira purchased 8,000 shares of Hamilton Lane stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $130.35 per share, for a total transaction of $1,042,800.00. Following the transaction, the chief executive officer owned 1,314,447 shares in the company, valued at approximately $171,338,166.45. The trade was a 0.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 22.21% of the company’s stock.

Institutional Trading of Hamilton Lane

Institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its position in shares of Hamilton Lane by 116.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,144 shares of the company’s stock valued at $589,000 after purchasing an additional 2,232 shares during the period. Truist Financial Corp boosted its position in shares of Hamilton Lane by 163.6% in the second quarter. Truist Financial Corp now owns 24,745 shares of the company’s stock worth $3,517,000 after acquiring an additional 15,357 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Hamilton Lane in the second quarter valued at approximately $1,472,000. Maryland State Retirement & Pension System purchased a new position in Hamilton Lane during the second quarter worth approximately $276,000. Finally, DAVENPORT & Co LLC purchased a new stake in shares of Hamilton Lane during the 2nd quarter valued at $211,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

About Hamilton Lane

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.