Hamilton Lane Inc. (NASDAQ:HLNE – Get Free Report) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $149.6250.
A number of research firms have recently issued reports on HLNE. Zacks Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hamilton Lane in a research report on Wednesday, June 3rd. Oppenheimer lowered their target price on Hamilton Lane from $179.00 to $176.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Morgan Stanley lowered their target price on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group set a $148.00 target price on Hamilton Lane and gave the company a “buy” rating in a research report on Friday, May 22nd.
Check Out Our Latest Report on Hamilton Lane
Insider Buying and Selling at Hamilton Lane
Institutional Investors Weigh In On Hamilton Lane
A number of institutional investors and hedge funds have recently bought and sold shares of HLNE. Royal Bank of Canada raised its holdings in Hamilton Lane by 6.0% during the first quarter. Royal Bank of Canada now owns 52,466 shares of the company’s stock valued at $7,800,000 after acquiring an additional 2,948 shares during the period. Jones Financial Companies Lllp raised its holdings in Hamilton Lane by 4,806.7% during the first quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company’s stock valued at $759,000 after acquiring an additional 4,999 shares during the period. Geneos Wealth Management Inc. raised its holdings 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 acquiring an additional 254 shares during the period. First Trust Advisors LP raised its holdings in Hamilton Lane by 26.7% during the second quarter. First Trust Advisors LP now owns 31,483 shares of the company’s stock valued at $4,474,000 after acquiring an additional 6,636 shares during the period. Finally, Amundi raised its holdings in Hamilton Lane by 39,766.7% during the second quarter. Amundi now owns 2,392 shares of the company’s stock valued at $347,000 after acquiring an additional 2,386 shares during the period. 97.40% of the stock is owned by institutional investors.
Hamilton Lane Price Performance
HLNE stock opened at $77.77 on Wednesday. The company has a market cap of $4.32 billion, a P/E ratio of 13.16 and a beta of 1.15. Hamilton Lane has a 1 year low of $71.88 and a 1 year high of $161.13. The stock’s fifty day moving average price is $87.49 and its 200-day moving average price is $110.05.
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $193.57 million for the quarter, compared to the consensus estimate of $203.05 million. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. As a group, analysts expect that Hamilton Lane will post 6.33 earnings per share for the current year.
Hamilton Lane Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.1%. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, June 18th. Hamilton Lane’s dividend payout ratio (DPR) is presently 40.61%.
Hamilton Lane declared that its board has authorized a stock buyback plan on Thursday, May 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.
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.
Read More
- Five stocks we like better than Hamilton Lane
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Receive News & Ratings for Hamilton Lane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hamilton Lane and related companies with MarketBeat.com's FREE daily email newsletter.
