Hamilton Lane (NASDAQ:HLNE) Sets New 1-Year High – What’s Next?

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) reached a new 52-week high on Tuesday . The company traded as high as $178.39 and last traded at $178.39, with a volume of 2950 shares changing hands. The stock had previously closed at $177.16.

Analyst Upgrades and Downgrades

HLNE has been the topic of several research reports. Wells Fargo & Company raised their target price on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Morgan Stanley raised their price objective on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. UBS Group upped their target price on shares of Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group upped their price objective on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $154.67.

Hamilton Lane Trading Up 1.2 %

The firm has a market capitalization of $9.63 billion, a P/E ratio of 48.31 and a beta of 1.19. The stock’s 50-day simple moving average is $156.68 and its two-hundred day simple moving average is $134.49. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41. The business had revenue of $196.73 million during the quarter, compared to analyst estimates of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same quarter in the prior year, the business posted $0.94 EPS. Equities research analysts expect that Hamilton Lane Incorporated will post 4.88 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.10%. The ex-dividend date was Monday, September 16th. Hamilton Lane’s dividend payout ratio (DPR) is presently 53.12%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLNE. Creative Planning raised its position in shares of Hamilton Lane by 6.1% during the third quarter. Creative Planning now owns 66,601 shares of the company’s stock valued at $11,215,000 after buying an additional 3,829 shares during the last quarter. CWM LLC increased its holdings in Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC lifted its stake in Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after purchasing an additional 156 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Hamilton Lane by 75.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 11,400 shares of the company’s stock valued at $1,920,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Hamilton Lane during the 2nd quarter valued at about $824,000. 97.40% of the stock is currently 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.