Hamilton Lane (NASDAQ:HLNE) Given New $190.00 Price Target at Morgan Stanley

Hamilton Lane (NASDAQ:HLNE) had its price objective raised by Morgan Stanley from $182.00 to $190.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group increased their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. UBS Group upped their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $180.33.

Hamilton Lane Trading Up 3.7 %

Shares of Hamilton Lane stock opened at $201.62 on Monday. The company has a fifty day simple moving average of $170.21 and a 200-day simple moving average of $143.61. Hamilton Lane has a 12-month low of $89.38 and a 12-month high of $202.56. The company has a current ratio of 3.37, a quick ratio of 2.72 and a debt-to-equity ratio of 0.24. The stock has a market cap of $10.93 billion, a price-to-earnings ratio of 43.74 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. During the same quarter in the prior year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities analysts forecast that Hamilton Lane will post 4.89 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 0.97%. Hamilton Lane’s payout ratio is 42.52%.

Institutional Investors Weigh In On Hamilton Lane

Large investors have recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC boosted its stake in shares of Hamilton Lane by 60.5% during the 1st quarter. Orion Portfolio Solutions LLC now owns 15,001 shares of the company’s stock worth $1,691,000 after purchasing an additional 5,657 shares during the last quarter. Bamco Inc. NY acquired a new stake in shares of Hamilton Lane in the first quarter worth approximately $3,076,000. Vanguard Group Inc. boosted its position in shares of Hamilton Lane by 8.3% in the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock worth $414,801,000 after acquiring an additional 283,190 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Hamilton Lane in the first quarter worth approximately $538,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in Hamilton Lane by 13.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 45,956 shares of the company’s stock valued at $5,679,000 after buying an additional 5,412 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

About Hamilton Lane

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.