Hamilton Lane Incorporated (NASDAQ:HLNE – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $112.70, but opened at $106.50. Hamilton Lane shares last traded at $107.97, with a volume of 315,215 shares traded.
Analysts Set New Price Targets
HLNE has been the topic of several research analyst reports. Oppenheimer downgraded shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 11th. Wells Fargo & Company boosted their target price on shares of Hamilton Lane from $106.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Morgan Stanley boosted their target price on shares of Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Hamilton Lane has an average rating of “Hold” and an average target price of $102.33.
Hamilton Lane Stock Performance
The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.58 and a current ratio of 2.58. The firm’s 50 day simple moving average is $114.94 and its 200 day simple moving average is $100.57. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 32.92 and a beta of 1.18.
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.17). Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The business had revenue of $125.26 million for the quarter, compared to analyst estimates of $130.47 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. Sell-side analysts forecast that Hamilton Lane Incorporated will post 3.55 earnings per share for the current fiscal year.
Hamilton Lane Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Friday, March 15th will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, March 14th. Hamilton Lane’s dividend payout ratio is currently 54.77%.
Hedge Funds Weigh In On Hamilton Lane
Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Hamilton Lane by 13.8% in the 1st quarter. Wellington Management Group LLP now owns 4,119,730 shares of the company’s stock valued at $318,414,000 after purchasing an additional 498,381 shares during the period. Vanguard Group Inc. lifted its stake in shares of Hamilton Lane by 6.6% in the 4th quarter. Vanguard Group Inc. now owns 3,395,427 shares of the company’s stock valued at $385,177,000 after purchasing an additional 210,155 shares during the period. BlackRock Inc. lifted its stake in shares of Hamilton Lane by 7.2% in the 2nd quarter. BlackRock Inc. now owns 3,101,085 shares of the company’s stock valued at $248,025,000 after purchasing an additional 209,371 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Hamilton Lane by 14.6% in the 4th quarter. Clearbridge Investments LLC now owns 1,413,804 shares of the company’s stock valued at $160,382,000 after purchasing an additional 179,873 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in shares of Hamilton Lane by 2.4% in the 1st quarter. Macquarie Group Ltd. now owns 1,188,658 shares of the company’s stock valued at $87,937,000 after purchasing an additional 27,978 shares during the period. 67.13% of the stock is currently owned by institutional investors and hedge funds.
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.