Hamilton Lane Inc. (NASDAQ:HLNE) Stock Has Average Target Price of $124.00 According to Brokerages

Hamilton Lane Inc. (NASDAQ:HLNE) has been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $124.12.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets decreased their price target on Hamilton Lane from $116.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Lane from $105.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $118.00 price target on shares of Hamilton Lane in a report on Friday, October 16th. Oppenheimer lowered their price objective on Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating on the stock in a research report on Thursday, August 27th. Finally, Wells Fargo & Company initiated coverage on Hamilton Lane in a report on Friday, October 2nd. They issued an “overweight” rating and a $103.00 price target on the stock.

Institutional Trading of Hamilton Lane

Several institutional investors have recently added to or reduced their stakes in HLNE. Principal Financial Group Inc. increased its holdings in Hamilton Lane by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 1,103,913 shares of the company’s stock worth $109,725,000 after buying an additional 18,063 shares in the last quarter. Janus Henderson Group PLC grew its position in Hamilton Lane by 12.9% during the first quarter. Janus Henderson Group PLC now owns 905,660 shares of the company’s stock valued at $90,045,000 after buying an additional 103,663 shares during the period. Van Berkom & Associates Inc. raised its holdings in Hamilton Lane by 9.7% in the 1st quarter. Van Berkom & Associates Inc. now owns 833,307 shares of the company’s stock worth $82,831,000 after purchasing an additional 73,679 shares during the period. Copeland Capital Management LLC raised its stake in Hamilton Lane by 52.5% during the 3rd quarter. Copeland Capital Management LLC now owns 741,678 shares of the company’s stock worth $64,422,000 after acquiring an additional 255,238 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Hamilton Lane by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 678,579 shares of the company’s stock worth $67,450,000 after acquiring an additional 12,115 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $85.66 on Tuesday. The firm has a 50 day moving average of $91.38 and a 200-day moving average of $98.42. Hamilton Lane has a 52 week low of $71.88 and a 52 week high of $155.66. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 13.06 and a beta of 1.23. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.16.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.41. The business had revenue of $275.33 million during the quarter, compared to analyst estimates of $221.94 million. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%. Hamilton Lane’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.47 EPS. On average, equities analysts forecast that Hamilton Lane will post 7.47 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Monday, September 21st were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 21st. 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 specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.