Hamilton Lane (NASDAQ:HLNE) Lowered to Sell Rating by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Hamilton Lane (NASDAQ:HLNE) from a neutral rating to a sell rating in a report released on Monday, MarketBeat Ratings reports. They currently have $139.00 price objective on the stock.

Several other equities analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of 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. 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 research note on Monday, November 11th. UBS Group raised their target price 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. Wells Fargo & Company boosted their price target on Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $175.00.

Hamilton Lane Stock Down 2.3 %

Shares of HLNE stock opened at $146.74 on Monday. The firm’s fifty day moving average price is $176.60 and its two-hundred day moving average price is $159.16. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane has a 1 year low of $103.42 and a 1 year high of $203.72. The firm has a market capitalization of $8.13 billion, a P/E ratio of 31.83 and a beta of 1.24.

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

Hamilton Lane Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLNE. FMR LLC boosted its position in shares of Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after acquiring an additional 3,922 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Hamilton Lane by 13.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 45,956 shares of the company’s stock worth $5,679,000 after purchasing an additional 5,412 shares in the last quarter. Retirement Systems of Alabama bought a new position in shares of Hamilton Lane during the third quarter worth approximately $8,291,000. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane in the third quarter valued at approximately $819,000. Finally, Royce & Associates LP acquired a new stake in Hamilton Lane during the third quarter worth approximately $538,000. 97.40% of the stock is 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.