Analysts Set Hamilton Lane Inc. (NASDAQ:HLNE) Price Target at $131.57

Hamilton Lane Inc. (NASDAQ:HLNEGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, six have assigned 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 $131.5714.

HLNE has been the topic of a number of recent analyst reports. BMO Capital Markets set a $94.00 price target on shares of Hamilton Lane in a research report on Monday, July 13th. UBS Group lifted their target price on shares of Hamilton Lane from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Oppenheimer dropped their target price on shares of Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating on the stock in a report on Thursday, August 27th. JPMorgan Chase & Co. cut their price target on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research report on Monday, May 18th. Finally, Weiss Ratings upgraded Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st.

Get Our Latest Stock Analysis on HLNE

Institutional Investors Weigh In On Hamilton Lane

Hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its stake in Hamilton Lane by 7,651.1% during the 2nd quarter. California State Teachers Retirement System now owns 3,798,581 shares of the company’s stock valued at $299,442,000 after purchasing an additional 3,749,574 shares in the last quarter. Millennium Management LLC raised its holdings in Hamilton Lane by 418.8% during the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock worth $142,946,000 after buying an additional 856,112 shares during the last quarter. Norges Bank bought a new position in shares of Hamilton Lane in the fourth quarter valued at $68,657,000. Balyasny Asset Management L.P. grew its holdings in shares of Hamilton Lane by 117.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 756,148 shares of the company’s stock valued at $101,558,000 after buying an additional 409,013 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Hamilton Lane during the fourth quarter valued at about $48,820,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Price Performance

Shares of HLNE opened at $95.98 on Monday. The business has a 50-day moving average of $95.25 and a 200-day moving average of $93.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 14.63 and a beta of 1.19. Hamilton Lane has a 1 year low of $71.88 and a 1 year high of $155.66.

Hamilton Lane (NASDAQ:HLNEGet Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.53 by $0.41. The business had revenue of $275.33 million for the quarter, compared to analysts’ expectations of $221.94 million. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%.The firm’s revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 earnings per share. As a group, equities research analysts anticipate that Hamilton Lane will post 7.25 earnings per share for the current year.

Hamilton Lane announced that its board has approved a stock repurchase program on Thursday, May 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 21st will be given a dividend of $0.60 per share. The ex-dividend date is Monday, September 21st. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Hamilton Lane’s dividend payout ratio is presently 36.59%.

Hamilton Lane Company Profile

(Get Free Report)

Hamilton Lane Incorporated is a global investment management firm focused on private markets. The company provides investment solutions and advisory services across private equity, private credit, venture capital, infrastructure, real estate and other alternative investment strategies.

Its offerings include customized separate accounts, commingled funds, specialized funds and direct investment programs. Hamilton Lane also provides portfolio management, investment monitoring, due diligence, asset allocation and related advisory services to institutional investors, financial intermediaries and private wealth clients.

Founded in 1991, Hamilton Lane serves clients internationally through operations spanning North America, Europe, Asia-Pacific and the Middle East.

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Analyst Recommendations for Hamilton Lane (NASDAQ:HLNE)

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