Analysts Set Hamilton Lane Incorporated (NASDAQ:HLNE) Target Price at $168.33

Hamilton Lane Incorporated (NASDAQ:HLNE) has earned an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $170.86.

A number of brokerages have recently issued reports on HLNE. Morgan Stanley increased their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods reduced their target price on Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. UBS Group raised their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a research report on Tuesday.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $157.13 on Wednesday. The business has a 50 day simple moving average of $167.71 and a 200-day simple moving average of $161.06. Hamilton Lane has a 12 month low of $103.42 and a 12 month high of $203.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The stock has a market capitalization of $8.71 billion, a PE ratio of 34.08 and a beta of 1.24.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 earnings per share. Equities analysts predict that Hamilton Lane will post 4.88 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Monday, December 16th. Hamilton Lane’s payout ratio is currently 42.52%.

Institutional Trading of Hamilton Lane

Several large investors have recently modified their holdings of the business. Lifestyle Asset Management Inc. increased its stake in Hamilton Lane by 5.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after purchasing an additional 84 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Hamilton Lane by 0.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock worth $2,509,000 after acquiring an additional 93 shares during the period. CWM LLC grew its holdings in Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after purchasing an additional 100 shares during the period. Islay Capital Management LLC increased its position in Hamilton Lane by 2.2% during the third quarter. Islay Capital Management LLC now owns 4,757 shares of the company’s stock worth $801,000 after purchasing an additional 103 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in Hamilton Lane by 6.3% during the third quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company’s stock worth $303,000 after purchasing an additional 106 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Company Profile

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.