Hamilton Lane Inc (NASDAQ:HLNE) Receives Average Rating of “Hold” from Analysts
Shares of Hamilton Lane Inc (NASDAQ:HLNE) have been given an average rating of “Hold” by the ten research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $52.75.
HLNE has been the topic of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Keefe, Bruyette & Woods lowered shares of Hamilton Lane from a “market perform” rating to an “underperform” rating and boosted their price objective for the stock from $49.00 to $53.00 in a research note on Thursday, July 11th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. Wells Fargo & Co boosted their price objective on shares of Hamilton Lane from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, CIBC initiated coverage on shares of Hamilton Lane in a research note on Tuesday, June 25th. They set a “market perform” rating on the stock.
A number of institutional investors and hedge funds have recently made changes to their positions in HLNE. Advisor Group Inc. grew its stake in Hamilton Lane by 578.4% in the 2nd quarter. Advisor Group Inc. now owns 1,133 shares of the company’s stock valued at $65,000 after buying an additional 966 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Hamilton Lane in the 2nd quarter valued at about $78,000. SG Americas Securities LLC acquired a new position in Hamilton Lane in the 1st quarter valued at about $109,000. Bank of Montreal Can acquired a new position in Hamilton Lane in the 2nd quarter valued at about $110,000. Finally, BNP Paribas Arbitrage SA grew its stake in Hamilton Lane by 1,229.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,762 shares of the company’s stock valued at $164,000 after buying an additional 3,479 shares during the last quarter. Institutional investors and hedge funds own 47.68% of the company’s stock.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.05). The firm had revenue of $65.00 million for the quarter, compared to analyst estimates of $71.21 million. Hamilton Lane had a return on equity of 61.94% and a net margin of 14.24%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Equities research analysts forecast that Hamilton Lane will post 2.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be paid a $0.275 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.10 dividend on an annualized basis and a yield of 1.82%. Hamilton Lane’s dividend payout ratio (DPR) is currently 57.59%.
About Hamilton Lane
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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