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Hamilton Lane Incorporated (NASDAQ:HLNE) Given the average recommendation of “Hold” by brokers

Hamilton Lane Incorporated (NASDAQ:HLNE – Get Free Report) has been given a consensus rating of “Hold” by the seven rating agencies that rate the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating. The average one-year price target among analysts who have covered the stock over the past year is $114.00.

A number of analysts have recently commented on the company. Wells Fargo & Company raised their target price on Hamilton Lane from $106.00 to $111.00 and gave the stock an “equalweight” rating in a research note on Wednesday, February 7. UBS Group raised their target price on shares of Hamilton Lane from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, April 12. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, May 24. Finally, Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $118.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, May 24th.

Check out our latest Hamilton Lane stock report

Insiders place their bets

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7. The shares sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the sale, the insider now owns 480,015 shares in the company, valued at $51,841,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 26.82% of the company’s shares.

Institutional inflow and outflow

Several major investors have recently bought and sold shares of the company. Principal Securities Inc. bought a new position in Hamilton Lane in the fourth quarter worth approximately $26,000. USA Financial Formulas acquired a new position in Hamilton Lane in the fourth quarter valued at approximately $28,000. Covestor Ltd increased its position in 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 purchasing an additional 298 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Hamilton Lane in the fourth quarter valued at approximately $48,000. Finally, SRS Capital Advisors Inc. his stake in Hamilton Lane shares rose 345.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock worth $58,000 after purchasing an additional 394 shares during the period. 97.40% of the shares are owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

HLNE stock opened at $123.43 on Tuesday. The company has a 50-day simple moving average of $115.81 and a 200-day simple moving average of $112.01. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 33.45 and a beta of 1.21. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.29. Hamilton Lane has a fifty-two week low of $70.08 and a fifty-two week high of $130.97.

Hamilton Lane (NASDAQ:HLNE – Get Free Report) posted its latest quarterly earnings data on Thursday, May 23. 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 net margin of 25.43% and a return on equity of 31.07%. The company had revenue of $176.67 million during the quarter, compared to analyst expectations of $134.72 million. Sell-side analysts predict that Hamilton Lane will post earnings per share of 4.51 for the current fiscal year.

Hamilton Lane increases dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5. A dividend of $0.49 per share will be paid to shareholders of record on Friday, June 14. The ex-dividend date of this dividend is Friday, June 14. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.45. This represents a dividend of $1.96 annually and a yield of 1.59%. Hamilton Lane’s dividend payout ratio currently stands at 48.24%.

Hamilton Lane company profile

(Get a free report

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 and mezzanine growth capital companies. It prefers to invest in energy, industrials, consumer durables, healthcare, real estate, information technology, utilities and consumer services.

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Analyst Recommendations for Hamilton Lane (NASDAQ:HLNE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat editorial staff before publication. Send any questions or comments about this story to [email protected].

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