Headlines about Hamilton Lane (NASDAQ:HLNE) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hamilton Lane earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 44.9234548565163 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Hamilton Lane (NASDAQ:HLNE) opened at 27.00 on Thursday. The stock has a 50 day moving average of $25.45 and a 200-day moving average of $25.45. The stock has a market capitalization of $520.16 million and a P/E ratio of 85.71. Hamilton Lane has a 52-week low of $17.32 and a 52-week high of $28.52.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $52.70 million during the quarter, compared to the consensus estimate of $50.69 million. The business’s revenue was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Analysts predict that Hamilton Lane will post $1.11 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a $0.175 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 2.59%.
A number of analysts have recently weighed in on HLNE shares. Zacks Investment Research downgraded shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $23.00 target price (up from $21.00) on shares of Hamilton Lane in a research report on Friday, June 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $24.00 target price on shares of Hamilton Lane in a research report on Thursday, September 28th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Hamilton Lane presently has a consensus rating of “Hold” and a consensus target price of $23.80.
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Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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