Shares of Hamilton Lane Inc (NASDAQ:HLNE) have received a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $23.50.

A number of brokerages have issued reports on HLNE. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 8th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 price objective on shares of Hamilton Lane in a research report on Thursday, September 28th. Finally, Zacks Investment Research downgraded shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th.

Hamilton Lane (NASDAQ:HLNE) opened at $33.53 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.82. Hamilton Lane has a one year low of $17.32 and a one year high of $35.24.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, November 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The firm had revenue of $51.20 million during the quarter, compared to analysts’ expectations of $48.64 million. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. research analysts forecast that Hamilton Lane will post 1.14 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, December 14th.

A number of institutional investors have recently made changes to their positions in HLNE. Oppenheimer Asset Management Inc. bought a new position in Hamilton Lane in the 3rd quarter worth about $160,000. JPMorgan Chase & Co. boosted its stake in Hamilton Lane by 44.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock worth $163,000 after purchasing an additional 1,900 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Hamilton Lane by 84.5% in the 2nd quarter. Nationwide Fund Advisors now owns 8,099 shares of the company’s stock worth $178,000 after purchasing an additional 3,710 shares in the last quarter. Burgundy Asset Management Ltd. bought a new position in Hamilton Lane in the 3rd quarter worth about $229,000. Finally, The Manufacturers Life Insurance Company bought a new position in Hamilton Lane in the 2nd quarter worth about $252,000. Institutional investors own 27.93% of the company’s stock.

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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.

Analyst Recommendations for Hamilton Lane (NASDAQ:HLNE)

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