Hamilton Lane (NASDAQ:HLNE) Cut to Sell at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Hamilton Lane (NASDAQ:HLNE - Free Report) from a neutral rating to a sell rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The Goldman Sachs Group currently has $139.00 price target on the stock.

Other equities analysts also recently issued reports about the company. Keefe, Bruyette & Woods cut their target price on Hamilton Lane from $215.00 to $167.00 and set a "market perform" rating for the company in a research note on Friday, December 20th. JPMorgan Chase & Co. raised their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. UBS Group raised their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley boosted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $175.00.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded down $3.53 during mid-day trading on Monday, hitting $146.74. 402,721 shares of the company were exchanged, compared to its average volume of 361,640. The stock has a 50 day simple moving average of $176.60 and a 200-day simple moving average of $159.16. Hamilton Lane has a 1-year low of $103.42 and a 1-year high of $203.72. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 31.83 and a beta of 1.24.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued 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 business had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 earnings per share. On average, sell-side analysts forecast that Hamilton Lane will post 4.87 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane's payout ratio is currently 42.52%.

Institutional Investors Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP raised its holdings in shares of Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company's stock worth $38,000 after acquiring an additional 234 shares during the last quarter. CWM LLC raised 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 purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company's stock valued at $107,000 after purchasing an additional 156 shares in the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of Hamilton Lane during the 3rd quarter worth about $111,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Hamilton Lane during the third quarter worth about $127,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

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.