Wells Fargo & Company Issues Positive Forecast for Hamilton Lane (NASDAQ:HLNE) Stock Price

Hamilton Lane (NASDAQ:HLNE - Free Report) had its target price lifted by Wells Fargo & Company from $163.00 to $169.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other brokerages also recently commented on HLNE. UBS Group lifted their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target for the company in a report on Tuesday, January 21st. The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective on the stock. in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods decreased their target price on Hamilton Lane from $167.00 to $158.00 and set a "market perform" rating on the stock in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $173.14.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded up $0.36 during trading hours on Wednesday, hitting $167.19. 445,072 shares of the stock were exchanged, compared to its average volume of 419,488. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72. The company's 50 day moving average is $159.05 and its 200 day moving average is $163.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 3.37. The firm has a market capitalization of $9.27 billion, a P/E ratio of 30.85 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. The company had revenue of $168.26 million during the quarter, compared to analysts' expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business's quarterly revenue was up 34.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. On average, research analysts expect that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane's payout ratio is 36.16%.

Hedge Funds Weigh In On Hamilton Lane

A number of hedge funds have recently modified their holdings of the stock. CWM LLC raised its stake in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Hamilton Lane by 32.4% during the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company's stock worth $107,000 after purchasing an additional 156 shares in the last quarter. Icon Wealth Advisors LLC bought a new position in Hamilton Lane during the 3rd quarter valued at about $111,000. Harvest Fund Management Co. Ltd bought a new position in Hamilton Lane during the 3rd quarter valued at about $127,000. Finally, KBC Group NV boosted its position in Hamilton Lane by 18.0% in the third quarter. KBC Group NV now owns 1,141 shares of the company's stock valued at $192,000 after buying an additional 174 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

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.