Hamilton Lane (NASDAQ:HLNE) Reaches New 1-Year High at $134.18

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) hit a new 52-week high on Thursday . The company traded as high as $134.18 and last traded at $134.18, with a volume of 42772 shares traded. The stock had previously closed at $129.12.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HLNE shares. JPMorgan Chase & Co. boosted their price objective on Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. UBS Group upped their price target on Hamilton Lane from $120.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, June 24th. Finally, Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $118.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, May 24th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $114.29.

Hamilton Lane Trading Up 3.9 %

The company has a market capitalization of $7.25 billion, a P/E ratio of 36.59 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a fifty day moving average price of $120.66 and a 200-day moving average price of $115.65.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.38. Hamilton Lane had a return on equity of 31.07% and a net margin of 25.43%. The business had revenue of $176.67 million during the quarter, compared to analyst estimates of $134.72 million. On average, equities research analysts anticipate that Hamilton Lane Incorporated will post 4.51 earnings per share for the current year.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.46%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, June 14th. Hamilton Lane’s dividend payout ratio is 53.12%.

Hedge Funds Weigh In On Hamilton Lane

A number of large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. boosted its holdings in shares of Hamilton Lane by 13.0% in the second quarter. Harbor Capital Advisors Inc. now owns 18,737 shares of the company’s stock worth $2,316,000 after acquiring an additional 2,162 shares during the period. Cetera Advisors LLC purchased a new stake in shares of Hamilton Lane in the first quarter worth $245,000. Comerica Bank raised its position in shares of Hamilton Lane by 6.3% in the first quarter. Comerica Bank now owns 5,266 shares of the company’s stock worth $594,000 after buying an additional 311 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Hamilton Lane by 0.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 95,490 shares of the company’s stock worth $10,767,000 after buying an additional 424 shares in the last quarter. Finally, Bamco Inc. NY purchased a new stake in shares of Hamilton Lane in the first quarter worth $3,076,000. 97.40% of the stock is owned by institutional investors.

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.