Hamilton Lane Inc. (NASDAQ:HLNE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Hamilton Lane Inc. (NASDAQ:HLNE) has received a consensus rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $160.50.

Several brokerages have recently commented on HLNE. UBS Group initiated coverage on Hamilton Lane in a research report on Thursday, December 11th. They issued a “buy” rating and a $166.00 price objective on the stock. Morgan Stanley lowered their price target on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 21st. Wall Street Zen upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. BMO Capital Markets began coverage on shares of Hamilton Lane in a report on Friday, October 3rd. They set an “outperform” rating and a $150.00 price objective for the company. Finally, Weiss Ratings downgraded shares of Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th.

Insider Activity at Hamilton Lane

In other news, CEO Juan Delgado-Moreira acquired 8,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,314,447 shares in the company, valued at approximately $171,338,166.45. This trade represents a 0.61% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 22.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hamilton Lane

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

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $146.83 on Wednesday. The stock has a market cap of $8.19 billion, a PE ratio of 26.60 and a beta of 1.30. Hamilton Lane has a 1 year low of $111.98 and a 1 year high of $179.19. The firm has a fifty day moving average price of $128.89 and a 200-day moving average price of $138.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.49 and a quick ratio of 3.49.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.46. Hamilton Lane had a net margin of 31.12% and a return on equity of 29.43%. The company had revenue of $190.88 million for the quarter, compared to analysts’ expectations of $171.86 million. Equities analysts anticipate that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 19th will be paid a $0.54 dividend. The ex-dividend date is Friday, December 19th. This represents a $2.16 annualized dividend and a yield of 1.5%. Hamilton Lane’s payout ratio is presently 39.13%.

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.