Hamilton Lane (NASDAQ:HLNE) Sets New 1-Year High Following Analyst Upgrade

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) reached a new 52-week high on Tuesday after Morgan Stanley raised their price target on the stock from $182.00 to $190.00. Morgan Stanley currently has an equal weight rating on the stock. Hamilton Lane traded as high as $203.36 and last traded at $202.60, with a volume of 12142 shares. The stock had previously closed at $201.62.

HLNE has been the subject of several other research reports. JPMorgan Chase & Co. raised their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their target price on Hamilton Lane from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. UBS Group raised their target price on Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their target price on Hamilton Lane from $181.00 to $215.00 and gave the stock a "market perform" rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group raised their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a research note on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $180.33.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors and hedge funds have recently bought and sold shares of the business. Orion Portfolio Solutions LLC increased its holdings in shares of Hamilton Lane by 60.5% in 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 in the last quarter. Bamco Inc. NY purchased a new position in shares of Hamilton Lane in the 1st quarter worth $3,076,000. Vanguard Group Inc. boosted its stake in shares of Hamilton Lane by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company's stock worth $414,801,000 after buying an additional 283,190 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Hamilton Lane in the 1st quarter worth $538,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Hamilton Lane by 13.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 45,956 shares of the company's stock worth $5,679,000 after buying an additional 5,412 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Trading Down 2.3 %

The stock has a market capitalization of $10.67 billion, a PE ratio of 44.02 and a beta of 1.18. 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 50 day moving average price of $170.21 and a 200-day moving average price of $143.61.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. Hamilton Lane's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. Sell-side analysts expect that Hamilton Lane Incorporated will post 4.89 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.49 per share. The ex-dividend date is Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.00%. Hamilton Lane's payout ratio is currently 42.52%.

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.