Hamilton Lane (HLNE) Receiving Somewhat Positive Press Coverage, Analysis Shows

Media headlines about Hamilton Lane (NASDAQ:HLNE) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hamilton Lane earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the company an impact score of 47.0003978827439 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Hamilton Lane (NASDAQ:HLNE) opened at $33.80 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.82. Hamilton Lane has a 52 week low of $17.32 and a 52 week high of $35.24.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $51.20 million for the quarter, compared to analyst estimates of $48.64 million. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. equities analysts forecast that Hamilton Lane will post 1.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, December 14th.

Several brokerages recently commented on HLNE. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $24.00 price objective on shares of Hamilton Lane in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of Hamilton Lane from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Saturday, September 9th. Finally, Morgan Stanley raised their price objective on shares of Hamilton Lane from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Hamilton Lane presently has an average rating of “Hold” and an average price target of $24.00.

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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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