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

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

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

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $138.05 on Monday. Hamilton Lane has a twelve month low of $103.42 and a twelve month high of $203.72. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $173.77 and a 200-day moving average of $159.96. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 29.95 and a beta of 1.24.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data 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. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. During the same quarter last year, the firm posted $0.89 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts forecast that Hamilton Lane will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.42%. The ex-dividend date was Monday, December 16th. Hamilton Lane’s payout ratio is presently 42.52%.

Hedge Funds Weigh In On Hamilton Lane

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC raised its position in Hamilton Lane by 0.6% during the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock valued at $2,509,000 after acquiring an additional 93 shares in the last quarter. CWM LLC raised its position in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after acquiring an additional 100 shares in the last quarter. Islay Capital Management LLC raised its position in Hamilton Lane by 2.2% during the third quarter. Islay Capital Management LLC now owns 4,757 shares of the company’s stock valued at $801,000 after acquiring an additional 103 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Hamilton Lane by 6.3% during the third quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company’s stock valued at $303,000 after acquiring an additional 106 shares in the last quarter. Finally, Pathstone Holdings LLC raised its position in Hamilton Lane by 0.4% during the third quarter. Pathstone Holdings LLC now owns 24,227 shares of the company’s stock valued at $4,080,000 after acquiring an additional 108 shares in the last quarter. 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.