Hamilton Lane Inc. (NASDAQ:HLNE – Get Free Report) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $131.7143.
A number of research analysts recently issued reports on HLNE shares. UBS Group boosted their price target on Hamilton Lane from $114.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings cut Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, July 20th. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. BMO Capital Markets set a $94.00 target price on Hamilton Lane in a research note on Monday, July 13th. Finally, The Goldman Sachs Group reduced their target price on Hamilton Lane from $148.00 to $128.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th.
Read Our Latest Report on Hamilton Lane
Insider Buying and Selling at Hamilton Lane
Institutional Trading of Hamilton Lane
Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its position in Hamilton Lane by 418.8% during the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock valued at $142,946,000 after buying an additional 856,112 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Hamilton Lane by 148.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock valued at $145,844,000 after buying an additional 648,588 shares in the last quarter. Norges Bank purchased a new stake in shares of Hamilton Lane in the 4th quarter worth about $68,657,000. Balyasny Asset Management L.P. grew its position in shares of Hamilton Lane by 117.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 756,148 shares of the company’s stock worth $101,558,000 after buying an additional 409,013 shares during the period. Finally, Westfield Capital Management Co. LP bought a new position in shares of Hamilton Lane in the 4th quarter worth about $48,820,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.
Hamilton Lane Trading Up 3.7%
Shares of HLNE opened at $104.86 on Thursday. The stock has a market capitalization of $5.82 billion, a P/E ratio of 15.98 and a beta of 1.14. Hamilton Lane has a twelve month low of $71.88 and a twelve month high of $157.01. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $87.10 and a two-hundred day simple moving average of $96.08.
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.41. The firm had revenue of $275.33 million for the quarter, compared to analysts’ expectations of $221.94 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The company’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.47 earnings per share. On average, research analysts anticipate that Hamilton Lane will post 6.95 EPS for the current year.
Hamilton Lane Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 21st will be issued a $0.60 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.40 annualized dividend and a yield of 2.3%. Hamilton Lane’s payout ratio is 36.59%.
Hamilton Lane declared that its Board of Directors has initiated a share 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 purchase up to 2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
About Hamilton Lane
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.
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