Hamilton Lane Inc. (NASDAQ:HLNE) Receives $168.75 Average Price Target from Analysts

Hamilton Lane Inc. (NASDAQ:HLNE) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $169.3750.

HLNE has been the topic of a number of research reports. The Goldman Sachs Group upgraded Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Thursday, November 6th. UBS Group raised their price target on shares of Hamilton Lane from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Oppenheimer reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Hamilton Lane in a research note on Tuesday, January 20th. Zacks Research lowered shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th.

Hamilton Lane Trading Down 0.8%

Shares of Hamilton Lane stock opened at $141.24 on Friday. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.25. Hamilton Lane has a twelve month low of $111.98 and a twelve month high of $179.19. The firm has a market capitalization of $7.88 billion, a PE ratio of 25.59 and a beta of 1.30. The firm’s 50-day moving average price is $137.54 and its 200 day moving average price is $139.00.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, November 4th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.46. The business had revenue of $190.88 million during the quarter, compared to analysts’ expectations of $171.86 million. Hamilton Lane had a return on equity of 29.43% and a net margin of 31.12%. On average, sell-side analysts predict that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Friday, December 19th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. Hamilton Lane’s dividend payout ratio (DPR) is 39.13%.

Insider Activity at Hamilton Lane

In other news, CEO Juan Delgado-Moreira purchased 8,000 shares of the stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of $130.35 per share, with a total value of $1,042,800.00. Following the transaction, the chief executive officer owned 1,314,447 shares in the company, valued at $171,338,166.45. The trade was a 0.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hamilton Lane

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP boosted its holdings in Hamilton Lane by 2,557.1% in the 3rd quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after purchasing an additional 179 shares during the last quarter. Advisory Services Network LLC purchased a new position in Hamilton Lane in the third quarter worth approximately $26,000. Cornerstone Planning Group LLC increased its stake in Hamilton Lane by 347.7% during the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock worth $27,000 after acquiring an additional 153 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Hamilton Lane by 920.0% in the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock valued at $29,000 after purchasing an additional 184 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in shares of Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after purchasing an additional 95 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Company Profile

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.