Hamilton Lane Incorporated (NASDAQ:HLNE) Given Average Recommendation of “Hold” by Brokerages

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have received an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $114.29.

Several brokerages have commented on HLNE. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $118.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, May 24th. UBS Group lifted their price target on shares of Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, May 24th.

Institutional Investors Weigh In On Hamilton Lane

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Hamilton Lane by 8.3% in the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock worth $414,801,000 after buying an additional 283,190 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Hamilton Lane by 14.6% in the 4th quarter. Clearbridge Investments LLC now owns 1,413,804 shares of the company’s stock worth $160,382,000 after purchasing an additional 179,873 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Hamilton Lane by 249.5% during the 4th quarter. TD Asset Management Inc now owns 1,143,179 shares of the company’s stock worth $129,682,000 after purchasing an additional 816,102 shares during the last quarter. Epoch Investment Partners Inc. grew its position in shares of Hamilton Lane by 108.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 799,351 shares of the company’s stock valued at $90,678,000 after purchasing an additional 416,103 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Hamilton Lane by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 544,233 shares of the company’s stock valued at $61,740,000 after purchasing an additional 22,832 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $126.14 on Friday. Hamilton Lane has a 1 year low of $76.47 and a 1 year high of $130.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.02 and a current ratio of 3.02. The company’s fifty day moving average price is $119.30 and its 200 day moving average price is $115.09. The company has a market capitalization of $6.81 billion, a PE ratio of 34.18 and a beta of 1.17.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Thursday, May 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.38. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. The business had revenue of $176.67 million for the quarter, compared to analyst estimates of $134.72 million. On average, research analysts predict that Hamilton Lane will post 4.51 earnings per share for the current year.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.55%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.45. Hamilton Lane’s dividend payout ratio (DPR) is presently 53.12%.

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.