Hamilton Lane Inc. (HLNE) Receives Consensus Recommendation of “Hold” from Analysts
Hamilton Lane Inc. (NASDAQ:HLNE) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $23.50.
A number of equities research analysts recently issued reports on HLNE shares. Zacks Investment Research raised shares of Hamilton Lane from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Saturday, September 9th. Morgan Stanley upped their price objective on shares of Hamilton Lane from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, November 8th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 price objective on shares of Hamilton Lane in a report on Thursday, September 28th.
Shares of Hamilton Lane (NASDAQ:HLNE) opened at $32.00 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.12 and a current ratio of 1.12. Hamilton Lane has a 1-year low of $17.32 and a 1-year high of $33.33.
Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $51.20 million during the quarter, compared to analysts’ expectations of $48.64 million. Hamilton Lane’s quarterly revenue was up 5.1% compared to the same quarter last year. research analysts forecast that Hamilton Lane will post 1.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be given a $0.175 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a yield of 2.19%. Hamilton Lane’s payout ratio is currently -46.05%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TimesSquare Capital Management LLC lifted its position in Hamilton Lane by 15.7% in the second quarter. TimesSquare Capital Management LLC now owns 1,534,585 shares of the company’s stock valued at $33,746,000 after buying an additional 208,240 shares during the last quarter. TPG Group Holdings SBS Advisors Inc. lifted its position in Hamilton Lane by 7.6% in the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,229,600 shares of the company’s stock valued at $27,039,000 after buying an additional 86,659 shares during the last quarter. Wasatch Advisors Inc. acquired a new position in Hamilton Lane in the third quarter valued at about $27,123,000. Alliancebernstein L.P. lifted its position in Hamilton Lane by 3.2% in the second quarter. Alliancebernstein L.P. now owns 670,861 shares of the company’s stock valued at $14,752,000 after buying an additional 20,546 shares during the last quarter. Finally, Vanguard Group Inc. acquired a new position in Hamilton Lane in the second quarter valued at about $7,606,000. 27.60% of the stock is currently owned by institutional investors.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
Receive News & Stock Ratings for Hamilton Lane Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hamilton Lane Inc. and related stocks with our FREE daily email newsletter.