Hamilton Lane Inc. (NASDAQ:HLNE) Given Average Recommendation of “Moderate Buy” by Brokerages

Hamilton Lane Inc. (NASDAQ:HLNE) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $159.2857.

A number of research analysts have commented on HLNE shares. BMO Capital Markets initiated coverage on shares of Hamilton Lane in a research note on Friday, October 3rd. They set an “outperform” rating and a $150.00 price target for the company. Wall Street Zen upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings lowered Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $150.00 to $158.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Finally, Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd.

Insider Activity

In other Hamilton Lane news, CEO Juan Delgado-Moreira bought 8,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the completion of the acquisition, the chief executive officer owned 1,314,447 shares of the company’s stock, valued at approximately $171,338,166.45. This trade represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 22.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss Life Asset Management Ltd bought a new position in Hamilton Lane in the third quarter valued at approximately $252,000. Advisory Services Network LLC bought a new stake in shares of Hamilton Lane during the 3rd quarter valued at $26,000. Morningstar Investment Management LLC acquired a new position in shares of Hamilton Lane in the 3rd quarter valued at $1,649,000. Kestra Private Wealth Services LLC boosted its position in shares of Hamilton Lane by 12.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,816 shares of the company’s stock worth $380,000 after purchasing an additional 305 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Hamilton Lane by 9.3% during the third quarter. CANADA LIFE ASSURANCE Co now owns 76,086 shares of the company’s stock worth $10,568,000 after purchasing an additional 6,478 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Up 1.6%

HLNE opened at $125.20 on Friday. The company has a market capitalization of $6.99 billion, a P/E ratio of 22.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.49 and a quick ratio of 3.49. The firm’s fifty day moving average price is $123.42 and its two-hundred day moving average price is $141.37. Hamilton Lane has a fifty-two week low of $111.98 and a fifty-two week high of $185.96.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.46. Hamilton Lane had a net margin of 31.12% and a return on equity of 29.43%. The company had revenue of $190.88 million during the quarter, compared to the consensus estimate of $171.86 million. On average, analysts anticipate that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, December 19th. Hamilton Lane’s dividend payout ratio is currently 39.13%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.