Hamilton Lane Inc. (NASDAQ:HLNE) Stock Has Average Target Price of $128.00 According to Brokerages

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have received an average rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $126.62.

Several equities analysts have recently issued reports on HLNE shares. Wells Fargo & Company started coverage on Hamilton Lane in a report on Friday. They issued an “overweight” rating and a $103.00 price objective for the company. Oppenheimer dropped their target price on Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating on the stock in a report on Thursday, August 27th. Morgan Stanley decreased their price target on Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $105.00 to $116.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th.

Hamilton Lane Price Performance

HLNE stock opened at $87.04 on Friday. The firm’s fifty day simple moving average is $96.90 and its 200-day simple moving average is $91.65. The company has a market capitalization of $4.83 billion, a P/E ratio of 13.27 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49. Hamilton Lane has a 12 month low of $71.88 and a 12 month high of $155.66.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.41. The company had revenue of $275.33 million during the quarter, compared to the consensus estimate of $221.94 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The firm’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 earnings per share. As a group, equities research analysts forecast that Hamilton Lane will post 7.25 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 21st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.40 dividend on an annualized basis and a yield of 2.8%. Hamilton Lane’s dividend payout ratio is presently 36.59%.

Institutional Trading of Hamilton Lane

Several institutional investors have recently bought and sold shares of HLNE. Public Employees Retirement System of Ohio raised its stake in Hamilton Lane by 0.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 44,678 shares of the company’s stock valued at $4,441,000 after purchasing an additional 115 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Hamilton Lane by 0.6% in the first quarter. Empowered Funds LLC now owns 21,114 shares of the company’s stock valued at $2,099,000 after purchasing an additional 122 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co increased its holdings in shares of Hamilton Lane by 8.6% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,150 shares of the company’s stock valued at $313,000 after purchasing an additional 250 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Hamilton Lane by 3.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 8,400 shares of the company’s stock worth $835,000 after buying an additional 276 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Hamilton Lane by 139.4% during the fourth quarter. Hantz Financial Services Inc. now owns 510 shares of the company’s stock worth $68,000 after buying an additional 297 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Company Profile

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm focused on private markets. The company provides investment solutions and advisory services to institutional investors, family offices, financial intermediaries and private wealth clients seeking exposure to alternative investments.

Its offerings include customized separate accounts, commingled funds, evergreen funds, secondary investments, direct and co-investments, and other private-market strategies. Hamilton Lane also provides portfolio management, investment research, due diligence, monitoring, reporting and data-driven technology designed to help clients evaluate and manage private-market portfolios.

Founded in 1991, Hamilton Lane serves clients across North America, Europe, Asia-Pacific and other international markets through a global network of offices.