Hamilton Lane Inc. (NASDAQ:HLNE) Receives $150.00 Consensus Price Target from Analysts

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $150.00.

Several brokerages have recently issued reports on HLNE. The Goldman Sachs Group set a $148.00 price target on Hamilton Lane and gave the company a “buy” rating in a research note on Friday, May 22nd. UBS Group decreased their price target on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Hamilton Lane in a research note on Friday, May 22nd. Zacks Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Morgan Stanley reduced their price objective on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st.

Insiders Place Their Bets

In other news, Chairman Hartley R. Rogers acquired 466 shares of Hamilton Lane stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of $92.76 per share, for a total transaction of $43,226.16. Following the transaction, the chairman directly owned 55,466 shares of the company’s stock, valued at approximately $5,145,026.16. The trade was a 0.85% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds and other institutional investors have recently bought and sold shares of HLNE. Artisan Partners Limited Partnership grew its position in shares of Hamilton Lane by 24.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 318,111 shares of the company’s stock valued at $42,878,000 after buying an additional 63,220 shares during the last quarter. Jefferies Financial Group Inc. grew its position in shares of Hamilton Lane by 145.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company’s stock valued at $13,195,000 after buying an additional 58,291 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Hamilton Lane by 148.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock valued at $145,844,000 after buying an additional 648,588 shares during the last quarter. Danske Bank A S grew its position in shares of Hamilton Lane by 19,024.0% in the 4th quarter. Danske Bank A S now owns 19,124 shares of the company’s stock valued at $2,569,000 after buying an additional 19,024 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Hamilton Lane by 541.8% in the 4th quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock valued at $9,632,000 after buying an additional 60,542 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of HLNE opened at $80.83 on Friday. Hamilton Lane has a 52-week low of $76.79 and a 52-week high of $161.13. The business’s fifty day moving average is $93.48 and its 200-day moving average is $115.31. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 13.68 and a beta of 1.14.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.06. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The company had revenue of $193.57 million for the quarter, compared to analyst estimates of $203.05 million. During the same quarter last year, the company posted $1.21 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, research analysts forecast that Hamilton Lane will post 6.33 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, June 18th. This represents a $2.40 dividend on an annualized basis and a yield of 3.0%. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s dividend payout ratio is presently 36.55%.

Hamilton Lane announced that its Board of Directors has authorized a share repurchase program on Thursday, May 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.