Analysts Set Hamilton Lane Incorporated (NASDAQ:HLNE) Target Price at $114.29

Hamilton Lane Incorporated (NASDAQ:HLNE) has received an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $114.29.

Several research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $118.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, May 24th. UBS Group increased their price target on Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th.

Hamilton Lane Stock Down 0.9 %

NASDAQ HLNE opened at $126.14 on Friday. Hamilton Lane has a 12 month low of $76.47 and a 12 month high of $130.97. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.29. The stock has a market cap of $6.81 billion, a PE ratio of 34.18 and a beta of 1.17. The stock’s 50 day moving average is $119.30 and its 200 day moving average is $115.09.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Thursday, May 23rd. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.00 by $0.38. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. The firm had revenue of $176.67 million for the quarter, compared to the consensus estimate of $134.72 million. Research analysts predict that Hamilton Lane will post 4.51 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.55%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, June 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 53.12%.

Institutional Investors Weigh In On Hamilton Lane

Several institutional investors have recently made changes to their positions in HLNE. Principal Securities Inc. purchased a new stake in Hamilton Lane in the 4th quarter worth about $26,000. USA Financial Formulas purchased a new stake in shares of Hamilton Lane in the fourth quarter worth approximately $28,000. Covestor Ltd raised its holdings in shares of Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after buying an additional 298 shares during the period. GAMMA Investing LLC purchased a new stake in Hamilton Lane in the fourth quarter worth $48,000. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Hamilton Lane by 345.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock valued at $58,000 after purchasing an additional 394 shares during the period. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.