Hamilton Lane Inc. (NASDAQ:HLNE) Receives $159.29 Average PT from Brokerages

Hamilton Lane Inc. (NASDAQ:HLNE) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $159.2857.

A number of analysts recently issued reports on the stock. BMO Capital Markets started coverage on shares of Hamilton Lane in a report on Friday, October 3rd. They set an “outperform” rating and a $150.00 price target on the stock. 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 research report on Thursday, November 6th. JPMorgan Chase & Co. dropped their target price on Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Oppenheimer set a $181.00 price target on Hamilton Lane and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Finally, Morgan Stanley dropped their price objective on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 21st.

Hamilton Lane Stock Down 2.5%

Shares of HLNE opened at $131.15 on Tuesday. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 25.22 and a beta of 1.23. Hamilton Lane has a 52 week low of $111.98 and a 52 week high of $203.63. The stock’s 50-day moving average price is $131.02 and its 200-day moving average price is $145.79. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.08 by $0.46. The business had revenue of $190.88 million for the quarter, compared to analyst estimates of $171.86 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%. On average, sell-side analysts predict that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 19th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a $2.16 dividend on an annualized basis and a yield of 1.6%. Hamilton Lane’s dividend payout ratio (DPR) is currently 39.13%.

Insider Buying and Selling at Hamilton Lane

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the company’s 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 transaction, the insider directly owned 330,015 shares in the company, valued at approximately $48,350,497.65. This represents a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Juan Delgado-Moreira bought 8,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the transaction, the chief executive officer owned 1,314,447 shares of the company’s stock, valued at approximately $171,338,166.45. This trade represents a 0.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 22.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors have recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in shares of Hamilton Lane during the 1st quarter worth $26,000. Cornerstone Planning Group LLC raised its stake in Hamilton Lane by 347.7% during the third 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 period. Parkside Financial Bank & Trust boosted its holdings in Hamilton Lane by 920.0% in the 2nd 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 last quarter. Hantz Financial Services Inc. boosted its holdings in Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after purchasing an additional 95 shares during the last quarter. Finally, First Horizon Corp purchased a new stake in shares of Hamilton Lane in the 3rd quarter valued at approximately $31,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.