Hamilton Lane Inc. (NASDAQ:HLNE) has earned an average rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $21.25.

Several research firms have recently weighed in on HLNE. Zacks Investment Research raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley reissued an “overweight” rating and issued a $23.00 target price (down from $24.00) on shares of Hamilton Lane in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $21.00 target price on shares of Hamilton Lane in a research report on Friday, April 28th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLNE. Wellington Management Group LLP bought a new stake in Hamilton Lane during the first quarter valued at approximately $7,615,000. Principal Financial Group Inc. bought a new stake in Hamilton Lane during the first quarter valued at approximately $2,959,000. Spark Investment Management LLC bought a new stake in Hamilton Lane during the first quarter valued at approximately $939,000. Alliancebernstein L.P. bought a new stake in Hamilton Lane during the first quarter valued at approximately $12,141,000. Finally, SG Americas Securities LLC bought a new stake in Hamilton Lane during the first quarter valued at approximately $194,000. 61.74% of the stock is currently owned by institutional investors and hedge funds.

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Hamilton Lane (HLNE) opened at 22.33 on Friday. The company’s 50 day moving average is $22.17 and its 200 day moving average is $20.26. The stock has a market cap of $401.52 million and a P/E ratio of 66.07. Hamilton Lane has a 52 week low of $17.32 and a 52 week high of $24.00.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, August 8th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $52.70 million during the quarter, compared to analysts’ expectations of $50.69 million. The business’s revenue was up 33.2% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. Equities analysts predict that Hamilton Lane will post $1.07 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, September 14th.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.

Analyst Recommendations for Hamilton Lane (NASDAQ:HLNE)

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