Hamilton Lane Inc. (NASDAQ:HLNE) Receives $131.71 Consensus PT from Analysts

Hamilton Lane Inc. (NASDAQ:HLNE) has been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $131.7143.

Several brokerages recently issued reports on HLNE. Oppenheimer boosted their price target on Hamilton Lane from $174.00 to $182.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group lowered their price objective on Hamilton Lane from $148.00 to $128.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Weiss Ratings cut Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, July 20th. Morgan Stanley cut their target price on Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Finally, Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $104.24 on Thursday. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 15.89 and a beta of 1.14. Hamilton Lane has a twelve month low of $71.88 and a twelve month high of $159.47. The company has a 50-day simple moving average of $85.73 and a two-hundred day simple moving average of $97.36.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.41. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The firm had revenue of $275.33 million for the quarter, compared to analyst estimates of $221.94 million. During the same quarter in the prior year, the business posted $1.47 EPS. The business’s revenue was up 56.5% compared to the same quarter last year. Analysts forecast that Hamilton Lane will post 6.95 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 21st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.40 annualized dividend and a yield of 2.3%. Hamilton Lane’s dividend payout ratio is currently 36.59%.

Hamilton Lane announced that its board has authorized a stock buyback program on Thursday, May 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Hamilton Lane

In other news, Chairman Hartley R. Rogers bought 38,290 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $78.49 per share, with a total value of $3,005,382.10. Following the acquisition, the chairman directly owned 93,756 shares in the company, valued at $7,358,908.44. This represents a 69.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andrea Anigati Kramer bought 1,283 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $77.46 per share, with a total value of $99,381.18. Following the completion of the transaction, the chief operating officer directly owned 87,350 shares in the company, valued at approximately $6,766,131. This represents a 1.49% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 95,039 shares of company stock worth $8,100,739 over the last quarter. Corporate insiders own 23.99% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP lifted its stake in Hamilton Lane by 15.8% during the first quarter. Wasatch Advisors LP now owns 1,751,596 shares of the company’s stock worth $174,109,000 after purchasing an additional 239,397 shares during the last quarter. Invesco Ltd. increased its stake in shares of Hamilton Lane by 7.3% in the 3rd quarter. Invesco Ltd. now owns 1,534,836 shares of the company’s stock valued at $206,880,000 after purchasing an additional 104,977 shares during the last quarter. State Street Corp raised its holdings in shares of Hamilton Lane by 1.4% during the 4th quarter. State Street Corp now owns 1,293,854 shares of the company’s stock worth $174,458,000 after buying an additional 18,296 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Hamilton Lane by 1.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,103,913 shares of the company’s stock worth $109,725,000 after buying an additional 18,063 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Hamilton Lane by 418.8% during the 3rd quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock worth $142,946,000 after buying an additional 856,112 shares during the last quarter. 97.40% of the stock is owned by 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.