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

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have been assigned an average recommendation of “Reduce” from the six brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $168.33.

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. Morgan Stanley lifted their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, UBS Group upped their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

Hamilton Lane Stock Up 0.4 %

Shares of NASDAQ:HLNE opened at $150.26 on Wednesday. The company has a 50 day moving average price of $169.53 and a two-hundred day moving average price of $160.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The company has a market capitalization of $8.33 billion, a PE ratio of 32.59 and a beta of 1.24. Hamilton Lane has a 52 week low of $103.42 and a 52 week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. Analysts forecast that Hamilton Lane will post 4.88 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a $0.49 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.30%. Hamilton Lane’s dividend payout ratio is 42.52%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. State Street Corp boosted its position in Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after purchasing an additional 489,557 shares during the period. Wellington Management Group LLP lifted its stake in shares of Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after buying an additional 413,015 shares during the last quarter. Artemis Investment Management LLP bought a new stake in shares of Hamilton Lane during the 4th quarter worth about $30,350,000. Barclays PLC grew its stake in Hamilton Lane by 84.5% in the 3rd quarter. Barclays PLC now owns 246,383 shares of the company’s stock valued at $41,488,000 after buying an additional 112,866 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after acquiring an additional 97,924 shares during the period. 97.40% of the stock is 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.