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

Hamilton Lane Inc. (NASDAQ:HLNE) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $173.25.

HLNE has been the topic of several research reports. Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Oppenheimer boosted their price target on Hamilton Lane from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. JPMorgan Chase & Co. lifted their target price on Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Thursday, November 6th.

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $123.19 on Thursday. The company has a market cap of $6.87 billion, a P/E ratio of 22.12 and a beta of 1.30. The firm’s fifty day moving average price is $139.03 and its two-hundred day moving average price is $136.77. Hamilton Lane has a one year low of $111.98 and a one year high of $179.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.28 by $0.27. The business had revenue of $198.59 million during the quarter, compared to the consensus estimate of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. Hamilton Lane’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS. Equities analysts expect that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $2.16 annualized dividend and a dividend yield of 1.8%. Hamilton Lane’s dividend payout ratio (DPR) is currently 38.78%.

Hedge Funds Weigh In On Hamilton Lane

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its holdings in shares of 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 purchasing an additional 856,112 shares during the last quarter. Principal Financial Group Inc. boosted its position in Hamilton Lane by 148.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock worth $145,844,000 after buying an additional 648,588 shares during the period. Norges Bank bought a new stake in Hamilton Lane during the 4th quarter worth approximately $68,657,000. Balyasny Asset Management L.P. increased its position in Hamilton Lane by 117.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 756,148 shares of the company’s stock valued at $101,558,000 after acquiring an additional 409,013 shares during the period. Finally, Westfield Capital Management Co. LP bought a new position in shares of Hamilton Lane during the fourth quarter valued at $48,820,000. 97.40% of the stock is owned by institutional investors and hedge funds.

About Hamilton Lane

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.