Hamilton Lane Inc. (NASDAQ:HLNE) Receives $131.57 Consensus Target Price from Analysts

Hamilton Lane Inc. (NASDAQ:HLNE) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently 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 assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $131.5714.

A number of analysts have recently weighed in on the company. Oppenheimer lowered their price objective on Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating for the company in a research report on Thursday, August 27th. Morgan Stanley lowered their price target on Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st. Finally, BMO Capital Markets set a $94.00 price target on shares of Hamilton Lane in a research note on Monday, July 13th.

Hamilton Lane Stock Down 2.3%

NASDAQ:HLNE opened at $98.88 on Monday. The company’s 50-day simple moving average is $94.60 and its 200-day simple moving average is $93.41. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.49 and a current ratio of 3.49. Hamilton Lane has a fifty-two week low of $71.88 and a fifty-two week high of $155.66. The stock has a market capitalization of $5.49 billion, a P/E ratio of 15.07 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 4th. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.41. The company had revenue of $275.33 million during the quarter, compared to analysts’ expectations of $221.94 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. Hamilton Lane’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 earnings per share. On average, equities analysts anticipate that Hamilton Lane will post 7.25 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, September 21st. Hamilton Lane’s payout ratio is presently 36.59%.

Hamilton Lane declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 21st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in Hamilton Lane by 6.0% during the 1st quarter. Royal Bank of Canada now owns 52,466 shares of the company’s stock worth $7,800,000 after purchasing an additional 2,948 shares during the period. Jones Financial Companies Lllp boosted its holdings in Hamilton Lane by 4,806.7% during the first quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company’s stock worth $759,000 after buying an additional 4,999 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Hamilton Lane by 196.9% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after buying an additional 254 shares during the period. First Trust Advisors LP raised its position in shares of Hamilton Lane by 26.7% in the second quarter. First Trust Advisors LP now owns 31,483 shares of the company’s stock worth $4,474,000 after acquiring an additional 6,636 shares during the period. Finally, Amundi increased its position in shares of Hamilton Lane by 39,766.7% in the second quarter. Amundi now owns 2,392 shares of the company’s stock valued at $347,000 after buying an additional 2,386 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.