Hamilton Lane Inc. (NASDAQ:HLNE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $168.75.

HLNE has been the subject of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of Hamilton Lane in a report on Friday, October 3rd. They set an “outperform” rating and a $150.00 price target on the stock. UBS Group boosted their target price on Hamilton Lane from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Zacks Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday.

Insider Activity at Hamilton Lane

In related news, CEO Juan Delgado-Moreira bought 8,000 shares of Hamilton Lane stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of $130.35 per share, with a total value of $1,042,800.00. Following the completion of the transaction, the chief executive officer owned 1,314,447 shares in the company, valued at $171,338,166.45. The trade was a 0.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 22.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Hamilton Lane by 116.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,144 shares of the company’s stock worth $589,000 after buying an additional 2,232 shares during the period. Truist Financial Corp lifted its position in Hamilton Lane by 163.6% during the 2nd quarter. Truist Financial Corp now owns 24,745 shares of the company’s stock worth $3,517,000 after acquiring an additional 15,357 shares during the period. Norges Bank purchased a new stake in Hamilton Lane during the 2nd quarter valued at about $46,641,000. Edgestream Partners L.P. purchased a new stake in Hamilton Lane during the 2nd quarter valued at about $1,472,000. Finally, Maryland State Retirement & Pension System acquired a new position in shares of Hamilton Lane in the second quarter valued at about $276,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $149.45 on Friday. The firm has a market capitalization of $8.34 billion, a PE ratio of 27.07 and a beta of 1.30. The stock’s fifty day moving average is $135.39 and its 200 day moving average is $139.15. Hamilton Lane has a fifty-two week low of $111.98 and a fifty-two week high of $179.19. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.49 and a current ratio of 3.49.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.54 earnings per share for the quarter, beating 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 business had revenue of $190.88 million for the quarter, compared to analysts’ expectations of $171.86 million. On average, sell-side analysts anticipate that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Friday, December 19th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, December 19th. Hamilton Lane’s payout ratio is currently 39.13%.

Hamilton Lane Company Profile

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.