Hamilton Lane Inc. (NASDAQ:HLNE) has garnered an average recommendation of “Moderate Buy” from nine research firms monitoring the company, as reported by Marketbeat.com. This assessment comes as five analysts rated the stock as a hold, while three assigned a buy rating and one designated it a strong buy. The average one-year price target among these brokerages stands at approximately $159.29.
Several firms have recently provided insights into Hamilton Lane’s stock performance. On October 3, BMO Capital Markets initiated coverage with an “outperform” rating, setting a price target of $150.00. Subsequently, on November 9, Wall Street Zen upgraded the stock from a “sell” to a “hold” rating. In contrast, Weiss Ratings downgraded the stock from a “buy (b-)” to a “hold (c+)” on October 25. On November 6, Keefe, Bruyette & Woods raised their price objective from $150.00 to $158.00, also issuing an “outperform” rating. Finally, Zacks Research reduced Hamilton Lane’s rating from a “strong buy” to a “hold” on October 22.
Recent Institutional Activity and Stock Performance
Institutional investors have made notable adjustments to their holdings in Hamilton Lane. Swiss Life Asset Management Ltd acquired a new position in the third quarter valued at approximately $252,000. Similarly, Advisory Services Network LLC invested $26,000 in the same period. Notably, Morningstar Investment Management LLC acquired shares valued at $1.65 million, while Kestra Private Wealth Services LLC increased its stake by 12.1%, now holding 2,816 shares worth $380,000 after purchasing an additional 305 shares. CANADA LIFE ASSURANCE Co also raised its stake by 9.3%, owning 76,086 shares valued at $10.57 million. Institutional investors now control 97.40% of Hamilton Lane’s stock.
On November 4, Hamilton Lane reported its quarterly earnings, revealing a significant $1.54 earnings per share (EPS), surpassing analysts’ expectations of $1.08 by $0.46. The company achieved a net margin of 31.12% and a return on equity of 29.43%, with revenues reaching $190.88 million, exceeding the consensus estimate of $171.86 million. Forecasts indicate Hamilton Lane may post an EPS of 4.97 for the current year.
Dividend Announcement and Company Overview
In a recent announcement, Hamilton Lane declared a quarterly dividend of $0.54 per share, scheduled for payment on January 7, 2024. Shareholders of record on December 19 will receive this dividend, representing an annualized amount of $2.16 and a yield of 1.7%. The ex-dividend date is also set for December 19. The firm maintains a dividend payout ratio of 39.13%.
Founded as a private equity firm, Hamilton Lane specializes in various investment strategies, including early venture, emerging growth, and buyouts across sectors such as energy, healthcare, and information technology. As of the latest data, the company’s shares opened at $125.20, with a market capitalization of $6.99 billion. Hamilton Lane’s debt-to-equity ratio stands at 0.25, and its current and quick ratios are both 3.49. The stock has experienced a fifty-two week low of $111.98 and a high of $185.96.
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