Stocks of Hamilton Lane Incorporated (NASDAQ:HLNE) traded higher last session on Wall Street, up 4.70% to $76.12.
According to the data, Hamilton Lane Incorporated (NASDAQ:HLNE) has 7 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $86.00 and a low of $65.00, we find $68.00. Given the previous closing price of $72.70, this indicates a potential downside of -6.46 percent. HLNE stock price is now 18.34% away from the 50-day moving average and 7.51% away from the 200-day moving average. The market capitalization of the company currently stands at $3.91B.
A total of 7 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $71.33 as their price target over the next twelve months.
With the price target enhanced from $72 to $75, UBS Downgraded its rating from Buy to Neutral for Hamilton Lane Incorporated (NASDAQ: HLNE). On December 16, 2021, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $109, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
In other news, Graves Reynoldo Vann, Director sold 255 shares of the company’s stock on Nov 07. The stock was sold for $16,782 at an average price of $65.81. Upon completion of the transaction, the Director now directly owns 256 shares in the company, valued at $19486.72. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, Vice Chairman Delgado-Moreira Juan bought 2,649 shares of the business’s stock. A total of $183,788 was incurred on buying the stock at an average price of $69.38. This leaves the insider owning 1,250,167 shares of the company worth $95.16 million. Insiders disposed of 7,577 shares of company stock worth roughly $0.58 million over the past 1 year. A total of 3.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HLNE stock. A new stake in Hamilton Lane Incorporated shares was purchased by SCHONFELD STRATEGIC ADVISORS LLC during the first quarter worth $2,315,000. BOSTON PARTNERS invested $1,223,000 in shares of HLNE during the first quarter. In the first quarter, ALGERT GLOBAL LLC acquired a new stake in Hamilton Lane Incorporated valued at approximately $876,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in HLNE for approximately $754,000. NATIXIS purchased a new stake in HLNE valued at around $532,000 in the second quarter. In total, there are 297 active investors with 97.80% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $72.95 for Hamilton Lane Incorporated (NASDAQ: HLNE). During the past 12 months, Hamilton Lane Incorporated has had a low of $55.81 and a high of $115.48. The fifty day moving average price for HLNE is $64.48 and a two-hundred day moving average price translates $70.77 for the stock.
The latest earnings results from Hamilton Lane Incorporated (NASDAQ: HLNE) was released for Jun, 2022. According to the Asset Management Company, earnings per share came in at $0.92, beating analysts’ expectations of $0.79 by 0.13. This compares to $1.41 EPS in the same period last year. The net profit margin was 28.60% and return on equity was 38.00% for HLNE. The company reported revenue of $153.38 million for the quarter, compared to $96.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 59.24 percent. For the current quarter, analysts expect HLNE to generate $105.45M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/06/2023. Investors who held shares on 12/15/2022 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 2.10% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend. In terms of dividend payout ratio, HLNE is presently at 40.30%.
Hamilton Lane Incorporated(HLNE) 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. For direct investments, the firm invests in early, mid and late venture, mature companies, growth equity, emerging growth, distressed debt, later stage, turnarounds, bridge financing, mezzanine financing, and buyouts in middle market companies. For fund of fund investments, it invests in mezzanine, venture capital, private equity, turnaround, secondary investments, real estate, and special situation funds. The firm invests in real estate investments. It also invest in technology, healthcare, education, natural resources, energy and essential consumer goods sectors, cleantech, and environment, community development, and financial empowerment. It invests in private equity markets in North America, Latin America, United States, Western Europe, Middle East, Africa, United Kingdom, Asia, Japan, and Australia. The firm prefer to invest $1 million to $100 million in companies. It prefers to have majority stake in companies. Hamilton Lane Incorporated was founded in 1991 and is based in Conshohocken, Pennsylvania with additional offices across Europe, North America, and Asia.