Hamilton Lane (NASDAQ:HLNE) Price Target Raised to $215.00 at Keefe, Bruyette & Woods

Hamilton Lane (NASDAQ:HLNE) had its price target raised by Keefe, Bruyette & Woods from $181.00 to $215.00 in a research report released on Thursday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other analysts have also weighed in on HLNE. JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. UBS Group increased their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley increased their price objective on Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Wells Fargo & Company increased their price objective on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group increased their price objective on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $179.00.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE traded up $5.05 during midday trading on Thursday, hitting $194.47. 450,922 shares of the company’s stock were exchanged, compared to its average volume of 328,891. Hamilton Lane has a 12-month low of $89.28 and a 12-month high of $196.60. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 42.18 and a beta of 1.18. The business’s fifty day moving average price is $169.23 and its two-hundred day moving average price is $142.78.

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, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a return on equity of 37.20% and a net margin of 28.03%. Hamilton Lane’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 earnings per share. As a group, research analysts forecast that Hamilton Lane will post 4.9 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

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 given a dividend of $0.49 per share. The ex-dividend date is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.01%. Hamilton Lane’s dividend payout ratio (DPR) is presently 42.52%.

Institutional Investors Weigh In On Hamilton Lane

Several institutional investors have recently modified their holdings of the business. Covestor Ltd boosted its position in Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after purchasing an additional 298 shares during the last quarter. Quarry LP boosted its position in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares during the last quarter. CWM LLC boosted its position in Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC boosted its position in Hamilton Lane by 13.1% in the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after purchasing an additional 73 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Hamilton Lane by 32.4% in the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after purchasing an additional 156 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Company Profile

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.