Brokerages Set Hamilton Lane Incorporated (NASDAQ:HLNE) Price Target at $109.67

Hamilton Lane Incorporated (NASDAQ:HLNE) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $109.67.

HLNE has been the subject of several analyst reports. Wells Fargo & Company increased their target price on shares of Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. UBS Group boosted their target price on Hamilton Lane from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. lowered Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 target price for the company. in a report on Thursday, April 11th. Oppenheimer lowered Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, January 11th. Finally, Morgan Stanley boosted their price objective on Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th.

Insider Buying and Selling

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the sale, the insider now directly owns 480,015 shares of the company’s stock, valued at $51,841,620. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 26.82% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hamilton Lane

Several hedge funds have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Hamilton Lane by 228.5% during the third quarter. FMR LLC now owns 61,672 shares of the company’s stock worth $5,578,000 after purchasing an additional 42,898 shares in the last quarter. Barclays PLC grew its stake in Hamilton Lane by 28.3% in the 3rd quarter. Barclays PLC now owns 95,815 shares of the company’s stock worth $8,665,000 after buying an additional 21,123 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Hamilton Lane in the 3rd quarter worth $803,000. Ziegler Capital Management LLC purchased a new stake in shares of Hamilton Lane during the 3rd quarter valued at $202,000. Finally, NBC Securities Inc. bought a new stake in shares of Hamilton Lane during the 3rd quarter worth $827,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Price Performance

HLNE stock opened at $110.08 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.58 and a current ratio of 2.58. The business has a 50-day simple moving average of $112.10 and a two-hundred day simple moving average of $104.89. The company has a market capitalization of $5.94 billion, a P/E ratio of 33.87 and a beta of 1.18. Hamilton Lane has a 52-week low of $62.86 and a 52-week high of $121.90.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.17). The company had revenue of $125.26 million for the quarter, compared to analysts’ expectations of $130.47 million. Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. During the same period in the previous year, the firm earned $0.43 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Research analysts expect that Hamilton Lane will post 3.55 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a dividend of $0.445 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.62%. Hamilton Lane’s dividend payout ratio is presently 54.77%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.