Analysts Set Hamilton Lane Inc. (NASDAQ:HLNE) Price Target at $173.25

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have received an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $169.00.

A number of brokerages have recently commented on HLNE. Oppenheimer lifted their target price on Hamilton Lane from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hamilton Lane in a research note on Thursday, January 22nd. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, November 6th. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th.

Hamilton Lane Price Performance

HLNE stock opened at $107.02 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27. The company’s fifty day moving average price is $138.16 and its 200-day moving average price is $136.16. Hamilton Lane has a one year low of $105.56 and a one year high of $179.19. The company has a market capitalization of $5.97 billion, a PE ratio of 19.21 and a beta of 1.30.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.27. The company had revenue of $198.59 million for the quarter, compared to the consensus estimate of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. On average, equities analysts anticipate that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 20th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s dividend payout ratio is currently 38.78%.

Hedge Funds Weigh In On Hamilton Lane

Several institutional investors have recently made changes to their positions in the company. Quarry LP lifted its position in shares of 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 purchasing an additional 179 shares during the period. Advisory Services Network LLC bought a new position in Hamilton Lane in the third quarter worth approximately $26,000. Cornerstone Planning Group LLC raised its stake 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 buying an additional 153 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Hamilton Lane by 920.0% during the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock worth $29,000 after buying an additional 184 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in Hamilton Lane by 80.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.