Hamilton Lane Inc. (NASDAQ:HLNE) Stock Has Consensus Target Price of $128.00

Hamilton Lane Inc. (NASDAQ:HLNE) has earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $126.62.

A number of research analysts have weighed in on the company. Morgan Stanley decreased their price target on Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Weiss Ratings upgraded Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $117.00 price objective on shares of Hamilton Lane in a report on Friday. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $105.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Oppenheimer lowered their target price on shares of Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating on the stock in a report on Thursday, August 27th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Congress Asset Management Co. lifted its stake in Hamilton Lane by 22.3% in the 3rd quarter. Congress Asset Management Co. now owns 128,545 shares of the company’s stock valued at $11,165,000 after purchasing an additional 23,447 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Hamilton Lane during the third quarter worth about $180,000. Sequoia Financial Advisors LLC acquired a new position in Hamilton Lane during the second quarter worth approximately $288,000. WINTON GROUP Ltd increased its position in Hamilton Lane by 47.8% during the second quarter. WINTON GROUP Ltd now owns 21,361 shares of the company’s stock worth $1,684,000 after buying an additional 6,908 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Hamilton Lane in the second quarter valued at approximately $1,075,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Trading Down 1.0%

Shares of NASDAQ:HLNE opened at $86.50 on Friday. The company’s 50-day moving average price is $96.83 and its two-hundred day moving average price is $91.44. Hamilton Lane has a one year low of $71.88 and a one year high of $155.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49. The stock has a market capitalization of $4.80 billion, a PE ratio of 13.19 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.41. The company had revenue of $275.33 million during the quarter, compared to analysts’ expectations of $221.94 million. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%.Hamilton Lane’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 EPS. On average, equities analysts forecast that Hamilton Lane will post 7.25 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Monday, September 21st were paid a $0.60 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.40 dividend on an annualized basis and a yield of 2.8%. Hamilton Lane’s dividend payout ratio (DPR) is currently 36.59%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm focused on private markets. The company provides investment solutions and advisory services to institutional investors, family offices, financial intermediaries and private wealth clients seeking exposure to alternative investments.

Its offerings include customized separate accounts, commingled funds, evergreen funds, secondary investments, direct and co-investments, and other private-market strategies. Hamilton Lane also provides portfolio management, investment research, due diligence, monitoring, reporting and data-driven technology designed to help clients evaluate and manage private-market portfolios.

Founded in 1991, Hamilton Lane serves clients across North America, Europe, Asia-Pacific and other international markets through a global network of offices.