Hamilton Lane Advisors (HLNE) PT Raised to $39.00

Hamilton Lane Advisors (NASDAQ:HLNE) had its target price lifted by Morgan Stanley from $38.00 to $39.00 in a research report released on Wednesday morning. They currently have an equal weight rating on the stock.

Separately, Zacks Investment Research downgraded Hamilton Lane Advisors from a buy rating to a hold rating in a research report on Wednesday, March 21st.

HLNE stock traded up $0.24 during midday trading on Wednesday, hitting $39.51. The company had a trading volume of 10,737 shares, compared to its average volume of 186,100. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.31 and a current ratio of 1.31. Hamilton Lane Advisors has a 52 week low of $18.11 and a 52 week high of $40.43. The company has a market capitalization of $1,859.15 and a P/E ratio of 29.22.



Hamilton Lane Advisors (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.17. Hamilton Lane Advisors had a return on equity of 70.74% and a net margin of 2.09%. The firm had revenue of $65.01 million during the quarter, compared to the consensus estimate of $51.39 million. The business’s revenue was up 53.6% compared to the same quarter last year. equities analysts predict that Hamilton Lane Advisors will post 1.4 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 15th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.77%. Hamilton Lane Advisors’s dividend payout ratio is presently 76.92%.

Several institutional investors have recently made changes to their positions in the stock. Wasatch Advisors Inc. raised its holdings in shares of Hamilton Lane Advisors by 66.0% during the fourth quarter. Wasatch Advisors Inc. now owns 1,677,342 shares of the company’s stock valued at $59,361,000 after acquiring an additional 667,181 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Hamilton Lane Advisors by 3.1% during the fourth quarter. BlackRock Inc. now owns 765,182 shares of the company’s stock valued at $27,081,000 after acquiring an additional 23,002 shares in the last quarter. Thrivent Financial For Lutherans bought a new position in shares of Hamilton Lane Advisors during the fourth quarter valued at approximately $19,298,000. Renaissance Technologies LLC raised its holdings in shares of Hamilton Lane Advisors by 62.5% during the fourth quarter. Renaissance Technologies LLC now owns 419,400 shares of the company’s stock valued at $14,843,000 after acquiring an additional 161,300 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC raised its holdings in shares of Hamilton Lane Advisors by 24.0% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 305,118 shares of the company’s stock valued at $10,798,000 after acquiring an additional 59,050 shares in the last quarter. Institutional investors own 28.45% of the company’s stock.

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Hamilton Lane Advisors Company Profile

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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