Hamilton Lane Inc. (NASDAQ:HLNE – Get Free Report) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $166.4286.
Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group raised Hamilton Lane from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $149.00 to $162.00 in a research report on Thursday, September 18th. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their price target on Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th.
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Insiders Place Their Bets
In related news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the completion of the transaction, the insider owned 330,015 shares in the company, valued at $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.21% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Hamilton Lane
A number of hedge funds and other institutional investors have recently modified their holdings of HLNE. GAMMA Investing LLC grew its stake in shares of Hamilton Lane by 65.8% during the first quarter. GAMMA Investing LLC now owns 920 shares of the company’s stock worth $137,000 after purchasing an additional 365 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in Hamilton Lane during the 1st quarter worth about $225,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Hamilton Lane by 12.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,773 shares of the company’s stock worth $1,437,000 after acquiring an additional 1,084 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Hamilton Lane by 6.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,414 shares of the company’s stock valued at $508,000 after acquiring an additional 212 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of Hamilton Lane by 11.3% in the 1st quarter. New York State Teachers Retirement System now owns 7,880 shares of the company’s stock valued at $1,172,000 after acquiring an additional 800 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.
Hamilton Lane Price Performance
HLNE opened at $142.78 on Monday. The stock’s 50-day moving average price is $152.46 and its 200 day moving average price is $150.47. Hamilton Lane has a 12-month low of $124.10 and a 12-month high of $203.72. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 27.46 and a beta of 1.26. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29.
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.33. The company had revenue of $196.73 million during the quarter, compared to the consensus estimate of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.Hamilton Lane’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 EPS. As a group, sell-side analysts expect that Hamilton Lane will post 4.97 earnings per share for the current year.
Hamilton Lane Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 19th. Hamilton Lane’s dividend payout ratio is presently 41.54%.
Hamilton Lane Company Profile
(Get Free Report)
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.
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