Brokerages Set Hamilton Lane Inc. (NASDAQ:HLNE) PT at $168.75

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $169.3750.

A number of research firms have commented on HLNE. Oppenheimer restated an “outperform” rating and set a $220.00 price target on shares of Hamilton Lane in a research note on Tuesday, January 20th. Morgan Stanley set a $159.00 target price on Hamilton Lane in a research note on Tuesday. UBS Group lifted their target price on Hamilton Lane from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Thursday, November 6th.

Hamilton Lane Trading Down 0.5%

NASDAQ HLNE opened at $147.36 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.49 and a quick ratio of 3.49. The stock has a market capitalization of $8.22 billion, a P/E ratio of 26.70 and a beta of 1.30. The firm’s 50-day moving average is $136.26 and its two-hundred day moving average is $139.02. Hamilton Lane has a 12 month low of $111.98 and a 12 month high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.46. Hamilton Lane had a net margin of 31.12% and a return on equity of 29.43%. The business had revenue of $190.88 million during the quarter, compared to analysts’ expectations of $171.86 million. On average, sell-side analysts anticipate that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Friday, December 19th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, December 19th. Hamilton Lane’s dividend payout ratio (DPR) is presently 39.13%.

Insider Buying and Selling

In related news, CEO Juan Delgado-Moreira purchased 8,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the acquisition, the chief executive officer directly owned 1,314,447 shares in the company, valued at $171,338,166.45. This trade represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 22.21% of the stock is owned by insiders.

Institutional Trading of Hamilton Lane

Large investors have recently made changes to their positions in the company. Quarry LP lifted its stake in Hamilton Lane by 2,557.1% in the third quarter. Quarry LP now owns 186 shares of the company’s stock worth $25,000 after acquiring an additional 179 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Hamilton Lane in the 3rd quarter valued at $26,000. Cornerstone Planning Group LLC lifted its position in shares of Hamilton Lane by 347.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock worth $27,000 after purchasing an additional 153 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Hamilton Lane by 920.0% during the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock worth $29,000 after purchasing an additional 184 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Hamilton Lane by 80.5% in the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after buying an additional 95 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.