Hamilton Lane Inc. (HLNE) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have been given an average recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $23.25.
Several research analysts recently commented on HLNE shares. Zacks Investment Research lowered shares of Hamilton Lane from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Morgan Stanley restated an “overweight” rating and issued a $23.00 price target (down previously from $24.00) on shares of Hamilton Lane in a report on Monday, July 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $24.00 price target on shares of Hamilton Lane in a report on Thursday, September 28th.
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A number of institutional investors have recently added to or reduced their stakes in the business. TimesSquare Capital Management LLC boosted its holdings in Hamilton Lane by 15.7% in the second quarter. TimesSquare Capital Management LLC now owns 1,534,585 shares of the company’s stock worth $33,746,000 after purchasing an additional 208,240 shares during the period. TPG Group Holdings SBS Advisors Inc. boosted its holdings in Hamilton Lane by 7.6% in the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,229,600 shares of the company’s stock worth $27,039,000 after purchasing an additional 86,659 shares during the period. Alliancebernstein L.P. boosted its holdings in Hamilton Lane by 3.2% in the second quarter. Alliancebernstein L.P. now owns 670,861 shares of the company’s stock worth $14,752,000 after purchasing an additional 20,546 shares during the period. Wellington Management Group LLP acquired a new position in Hamilton Lane in the first quarter worth $7,615,000. Finally, Vanguard Group Inc. acquired a new position in Hamilton Lane in the second quarter worth $7,606,000. 27.07% of the stock is owned by hedge funds and other institutional investors.
Hamilton Lane (NASDAQ HLNE) opened at 27.17 on Wednesday. Hamilton Lane has a one year low of $17.32 and a one year high of $28.52. The company has a 50 day moving average of $25.55 and a 200-day moving average of $22.28. The firm has a market cap of $523.43 million and a PE ratio of 86.25.
Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The business had revenue of $52.70 million during the quarter, compared to analysts’ expectations of $50.69 million. During the same quarter in the previous year, the business posted $0.30 EPS. The company’s quarterly revenue was up 33.2% on a year-over-year basis. On average, equities research analysts predict that Hamilton Lane will post $1.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, September 14th.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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