Hamilton Lane (NASDAQ:HLNE - Free Report) had its price target trimmed by Wells Fargo & Company from $194.00 to $163.00 in a report published on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the stock.
A number of other research analysts have also weighed in on HLNE. JPMorgan Chase & Co. boosted their target price 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. UBS Group boosted their price objective on 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 lowered their target price on Hamilton Lane from $167.00 to $158.00 and set a "market perform" rating on the stock in a report on Monday. The Goldman Sachs Group lowered Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target for the company. in a report on Monday, January 6th. Finally, Morgan Stanley raised their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $168.33.
Check Out Our Latest Analysis on Hamilton Lane
Hamilton Lane Stock Performance
Shares of HLNE stock traded up $3.09 during trading on Tuesday, reaching $141.14. The company had a trading volume of 564,829 shares, compared to its average volume of 399,154. The company has a market capitalization of $7.82 billion, a PE ratio of 30.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The firm's 50 day simple moving average is $172.95 and its two-hundred day simple moving average is $160.08. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72.
Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. The company had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. Sell-side analysts forecast that Hamilton Lane will post 4.87 earnings per share for the current year.
Hamilton Lane Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a dividend of $0.49 per share. The ex-dividend date was Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.39%. Hamilton Lane's dividend payout ratio is currently 42.52%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Quarry LP grew its stake in shares of Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company's stock valued at $38,000 after purchasing an additional 234 shares during the period. CWM LLC boosted its stake in Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company's stock valued at $85,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC grew its position in Hamilton Lane by 32.4% in the third quarter. GAMMA Investing LLC now owns 637 shares of the company's stock valued at $107,000 after acquiring an additional 156 shares during the period. Icon Wealth Advisors LLC acquired a new position in Hamilton Lane during the third quarter worth $111,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Hamilton Lane during the third quarter valued at $127,000. Institutional investors and hedge funds own 97.40% of the company's stock.
About Hamilton Lane
(
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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.
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