Hamilton Lane (NASDAQ:HLNE) Price Target Lowered to $167.00 at Keefe, Bruyette & Woods

Hamilton Lane (NASDAQ:HLNE) had its price target trimmed by Keefe, Bruyette & Woods from $215.00 to $167.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their price target on Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. UBS Group raised their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley boosted their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $176.33.

Hamilton Lane Trading Down 0.5 %

Hamilton Lane stock opened at $150.68 on Friday. The business’s 50-day simple moving average is $182.95 and its 200-day simple moving average is $156.53. Hamilton Lane has a 52 week low of $103.42 and a 52 week high of $203.72. The firm has a market capitalization of $8.35 billion, a PE ratio of 32.69 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $151.55 million. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities research analysts forecast that Hamilton Lane will post 4.87 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s dividend payout ratio is 42.52%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Quarry LP raised its stake in shares of Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after acquiring an additional 234 shares during the last quarter. Signaturefd LLC raised its position in Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after purchasing an additional 73 shares during the last quarter. CWM LLC raised its position 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. Fifth Third Bancorp grew its holdings in shares of Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after purchasing an additional 358 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake 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 buying an additional 156 shares in the last quarter. 97.40% of the stock is currently 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.