Analysts Set Hamilton Lane Inc. (NASDAQ:HLNE) PT at $161.50

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $161.50.

A number of brokerages have recently commented on HLNE. Zacks Research raised shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Wall Street Zen upgraded shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Wells Fargo & Company increased their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. Oppenheimer set a $181.00 price objective on shares of Hamilton Lane and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $168.00 to $150.00 in a research note on Monday, October 13th.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE opened at $118.04 on Friday. The firm has a market cap of $6.57 billion, a PE ratio of 22.70 and a beta of 1.20. The firm’s 50 day simple moving average is $142.82 and its 200-day simple moving average is $147.97. Hamilton Lane has a one year low of $114.63 and a one year high of $203.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.33. The business had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $1.47 earnings per share. As a group, equities analysts predict that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Friday, September 19th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 19th. Hamilton Lane’s dividend payout ratio (DPR) is 41.54%.

Insiders Place Their Bets

In other news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the completion of the sale, the insider directly owned 330,015 shares in the company, valued at approximately $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 22.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hamilton Lane

Several hedge funds and other institutional investors have recently bought and sold shares of the business. WPG Advisers LLC purchased a new position in Hamilton Lane during the 1st quarter worth approximately $26,000. Parkside Financial Bank & Trust lifted its position in Hamilton Lane by 920.0% during the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock valued at $29,000 after purchasing an additional 184 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in Hamilton Lane during the first quarter valued at $33,000. Caitong International Asset Management Co. Ltd acquired a new position in Hamilton Lane during the second quarter valued at $33,000. Finally, Geneos Wealth Management Inc. lifted its position in Hamilton Lane by 196.9% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.