Hamilton Lane (NASDAQ:HLNE) Price Target Cut to $158.00 by Analysts at Keefe, Bruyette & Woods

Hamilton Lane (NASDAQ:HLNE - Free Report) had its target price decreased by Keefe, Bruyette & Woods from $167.00 to $158.00 in a report published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company lifted their price objective on Hamilton Lane from $189.00 to $194.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Morgan Stanley increased their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. The Goldman Sachs Group cut shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. JPMorgan Chase & Co. increased their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, UBS Group boosted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, Hamilton Lane currently has an average rating of "Hold" and an average price target of $173.50.

Hamilton Lane Price Performance

Shares of HLNE traded down $1.71 during mid-day trading on Monday, reaching $138.05. The company had a trading volume of 475,426 shares, compared to its average volume of 375,489. 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 company has a market capitalization of $7.65 billion, a P/E ratio of 29.95 and a beta of 1.24. Hamilton Lane has a twelve month low of $103.42 and a twelve month high of $203.72. The company's 50-day moving average is $173.77 and its 200-day moving average is $159.96.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The company had revenue of $150.00 million for the quarter, compared to analysts' expectations of $151.55 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. The business's revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities analysts anticipate that Hamilton Lane will post 4.87 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were issued 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 dividend yield of 1.42%. Hamilton Lane's payout ratio is 42.52%.

Institutional Trading of Hamilton Lane

Institutional investors have recently modified their holdings of the company. Quarry LP grew its holdings in shares of Hamilton Lane by 316.2% during the second quarter. Quarry LP now owns 308 shares of the company's stock worth $38,000 after buying an additional 234 shares in the last quarter. CWM LLC grew its stake in shares of Hamilton Lane by 24.7% during the 3rd 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 raised its holdings in shares of 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 purchasing an additional 156 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane in the third quarter worth $111,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Hamilton Lane during the third quarter worth $127,000. 97.40% of the stock is currently owned by institutional investors.

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.