Hamilton Lane Inc. (HLNE) – What Are Brokerages Thinking About This Stock?

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $124.12.

HLNE has been the subject of several research reports. Wells Fargo & Company assumed coverage on shares of Hamilton Lane in a research note on Friday, October 2nd. They set an “overweight” rating and a $103.00 price objective for the company. Zacks Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. UBS Group reduced their target price on Hamilton Lane from $131.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. BMO Capital Markets lowered their price target on Hamilton Lane from $116.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Oppenheimer lowered their price target 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.

Institutional Trading of Hamilton Lane

Several institutional investors and hedge funds have recently bought and sold shares of HLNE. Root Financial Partners LLC acquired a new stake in Hamilton Lane during the third quarter valued at $27,000. IFP Advisors Inc raised its position in shares of Hamilton Lane by 332.0% in the second quarter. IFP Advisors Inc now owns 419 shares of the company’s stock worth $33,000 after acquiring an additional 322 shares during the period. Fortitude Family Office LLC acquired a new position in shares of Hamilton Lane in the third quarter worth about $51,000. Harbor Investment Advisory LLC acquired a new position in shares of Hamilton Lane in the second quarter worth about $58,000. Finally, GAMMA Investing LLC boosted its stake in shares of Hamilton Lane by 80.1% during the 3rd quarter. GAMMA Investing LLC now owns 789 shares of the company’s stock worth $69,000 after acquiring an additional 351 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Stock Down 2.0%

HLNE stock opened at $83.91 on Tuesday. The firm has a 50 day moving average of $90.98 and a 200 day moving average of $98.09. The stock has a market capitalization of $4.66 billion, a PE ratio of 12.79 and a beta of 1.23. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.16. Hamilton Lane has a 52 week low of $71.88 and a 52 week high of $155.66.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.41. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The company had revenue of $275.33 million for the quarter, compared to the consensus estimate of $221.94 million. During the same quarter in the previous year, the firm earned $1.47 EPS. Hamilton Lane’s revenue was up 56.5% compared to the same quarter last year. Sell-side analysts forecast that Hamilton Lane will post 7.47 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Monday, September 21st were given a $0.60 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.40 dividend on an annualized basis and a yield of 2.9%. Hamilton Lane’s dividend payout ratio is currently 36.59%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.