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We rate Hamilton Lane a BUY with a base case price target of $128, roughly 24% above the September 4 price. HLNE reported record quarterly revenue of $275.3 million, up 56% YoY, with management and advisory fees up 21%. HLNE insiders bought $4.2 million of stock on the open market in June, and the board raised the dividend target 11%.
Hamilton Lane demonstrates proven growth in fee-earning assets, translating into higher management fees and fee-related earnings, supporting a Buy/Quality Buy rating. HLNE's expansion into evergreen and private wealth products broadens its fee base but introduces increased sensitivity to NAV fluctuations and investor redemptions. Valuation appears attractive at 15.7x trailing P/E and 15.5x P/FCF, notably cheaper than Blackstone, though not a deep value opportunity.
AXQ Capital LP purchased a new stake in Hamilton Lane Inc. (NASDAQ: HLNE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 45,351 shares of the company's stock, valued at approximately $3,575,000. AXQ Capital LP owned about 0.08% of Hamilton Lane
The average of price targets set by Wall Street analysts indicates a potential upside of 26.5% in Hamilton Lane (HLNE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Hamilton Lane (HLNE) have what it takes?
The Wasatch U.S. Select Fund - Investor Class returned 12.46%, trailing the Russell 2500 Growth Index, which gained 24.02% during the quarter. While the market environment favoring low-quality companies was a large reason for our relative underperformance, we also held stocks that lost ground in the period, and that too weighed on relative results. The largest of the detractors was Ensign Group, an operator of skilled-nursing and senior-living facilities.
Bank of America Corp DE lowered its stake in Hamilton Lane Inc. (NASDAQ: HLNE) by 3.4% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 367,821 shares of the company's stock after selling 13,014 shares during the period. Bank of America Corp DE
Hamilton Lane (HLNE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.