Hamilton Lane (NASDAQ:HLNE) Hits New 52-Week High – Time to Buy?

Hamilton Lane Incorporated (NASDAQ:HLNE) hit a new 52-week high on Monday . The company traded as high as $182.16 and last traded at $182.16, with a volume of 189448 shares changing hands. The stock had previously closed at $177.85.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HLNE shares. Morgan Stanley raised their price target on shares of Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group raised their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, UBS Group raised their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and an average price target of $160.50.

Hamilton Lane Stock Up 2.7 %

The company’s 50 day moving average price is $162.20 and its two-hundred day moving average price is $137.86. The firm has a market cap of $9.86 billion, a PE ratio of 49.05 and a beta of 1.19. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The company had revenue of $196.73 million for the quarter, compared to analysts’ expectations of $149.84 million. During the same quarter in the previous year, the company earned $0.94 EPS. On average, equities research analysts expect that Hamilton Lane Incorporated will post 4.9 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were issued a $0.49 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.07%. Hamilton Lane’s dividend payout ratio is currently 53.12%.

Institutional Trading of Hamilton Lane

Institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd increased its holdings in shares of Hamilton Lane by 14,900.0% in the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after buying an additional 298 shares during the last quarter. Quarry LP boosted its stake in shares of Hamilton Lane by 316.2% during the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares during the period. Signaturefd LLC boosted its stake in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after purchasing an additional 73 shares during the period. CWM LLC boosted its stake in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Hamilton Lane by 106.5% during the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after purchasing an additional 358 shares during the period. 97.40% of the stock is currently owned by institutional investors.

About Hamilton Lane

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.