Hamilton Lane Inc. (NASDAQ:HLNE) Receives $131.71 Average PT from Brokerages

Hamilton Lane Inc. (NASDAQ:HLNE) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $131.7143.

A number of analysts recently issued reports on HLNE shares. The Goldman Sachs Group lowered their price target on Hamilton Lane from $148.00 to $128.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Oppenheimer increased their target price on shares of Hamilton Lane from $174.00 to $182.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $105.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Morgan Stanley decreased their price objective on shares of Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. cut their target price on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research note on Monday, May 18th.

Insider Transactions at Hamilton Lane

In related news, COO Andrea Anigati Kramer purchased 1,283 shares of Hamilton Lane stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $77.46 per share, with a total value of $99,381.18. Following the purchase, the chief operating officer directly owned 87,350 shares of the company’s stock, valued at approximately $6,766,131. This represents a 1.49% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Hartley R. Rogers acquired 55,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $90.05 per share, with a total value of $4,952,750.00. Following the completion of the transaction, the chairman owned 55,000 shares in the company, valued at $4,952,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 95,039 shares of company stock worth $8,100,739. Company insiders own 23.99% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP lifted its holdings in shares of Hamilton Lane by 15.8% in the 1st quarter. Wasatch Advisors LP now owns 1,751,596 shares of the company’s stock worth $174,109,000 after buying an additional 239,397 shares during the period. Invesco Ltd. increased its stake in shares of Hamilton Lane by 7.3% during the third quarter. Invesco Ltd. now owns 1,534,836 shares of the company’s stock valued at $206,880,000 after buying an additional 104,977 shares during the period. State Street Corp increased its stake in shares of Hamilton Lane by 1.4% during the fourth quarter. State Street Corp now owns 1,293,854 shares of the company’s stock valued at $174,458,000 after buying an additional 18,296 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Hamilton Lane by 1.7% in the first quarter. Principal Financial Group Inc. now owns 1,103,913 shares of the company’s stock valued at $109,725,000 after acquiring an additional 18,063 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Hamilton Lane by 418.8% in the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock valued at $142,946,000 after acquiring an additional 856,112 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Trading Down 3.3%

Shares of Hamilton Lane stock opened at $100.84 on Thursday. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 15.37 and a beta of 1.14. The business has a 50-day moving average price of $86.15 and a 200-day moving average price of $96.67. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.16. Hamilton Lane has a twelve month low of $71.88 and a twelve month high of $159.47.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.41. The business had revenue of $275.33 million during the quarter, compared to analysts’ expectations of $221.94 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The business’s revenue was up 56.5% on a year-over-year basis. During the same period last year, the company posted $1.47 EPS. Equities research analysts anticipate that Hamilton Lane will post 6.95 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 21st. Hamilton Lane’s payout ratio is currently 36.59%.

Hamilton Lane announced that its Board of Directors has initiated a share buyback plan on Thursday, May 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are 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.