Hamilton Lane (NASDAQ:HLNE) Price Target Increased to $182.00 by Analysts at Morgan Stanley

Hamilton Lane (NASDAQ:HLNE - Free Report) had its target price lifted by Morgan Stanley from $140.00 to $182.00 in a research note released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

HLNE has been the topic of a number of other research reports. UBS Group upped their target price on shares of Hamilton Lane from $122.00 to $150.00 and gave the company a neutral rating in a research report on Wednesday, August 21st. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $135.00 to $145.00 and gave the company a market perform rating in a research report on Wednesday, August 7th. The Goldman Sachs Group increased their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a neutral rating in a research report on Thursday, October 3rd. Wells Fargo & Company increased their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an equal weight rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a neutral rating in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, Hamilton Lane presently has an average rating of Hold and an average price target of $154.67.

Hamilton Lane Trading Down 1.5 %

Shares of HLNE stock traded down $2.56 on Thursday, hitting $172.58. 401,563 shares of the stock traded hands, compared to its average volume of 315,489. The firm's 50-day moving average price is $152.39 and its two-hundred day moving average price is $132.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. The stock has a market capitalization of $9.32 billion, a PE ratio of 47.02 and a beta of 1.19. Hamilton Lane has a twelve month low of $78.66 and a twelve month high of $177.62.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The firm had revenue of $196.73 million for the quarter, compared to analysts' expectations of $149.84 million. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, analysts anticipate that Hamilton Lane will post 4.88 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.14%. Hamilton Lane's payout ratio is 53.12%.

Institutional Trading of Hamilton Lane

A number of large investors have recently made changes to their positions in HLNE. Covestor Ltd increased its stake in shares of Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company's stock worth $34,000 after buying an additional 298 shares during the period. Quarry LP increased its stake 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 during the period. Signaturefd LLC increased its stake in shares of Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company's stock worth $78,000 after buying an additional 73 shares during the period. CWM LLC increased its stake in Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company's stock valued at $85,000 after purchasing an additional 100 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Hamilton Lane by 106.5% in the second quarter. Fifth Third Bancorp now owns 694 shares of the company's stock valued at $86,000 after purchasing an additional 358 shares during the last quarter. 97.40% of the stock is currently 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.