Hamilton Lane (NASDAQ:HLNE) Price Target Raised to $168.00 at Keefe, Bruyette & Woods

Hamilton Lane (NASDAQ:HLNE) had its price target lifted by Keefe, Bruyette & Woods from $158.00 to $168.00 in a research report released on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other brokerages have also recently issued reports on HLNE. Wells Fargo & Company increased their target price on Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a report on Wednesday. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a report on Monday, January 6th. UBS Group raised their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $173.14.

Hamilton Lane Trading Up 0.2 %

Shares of HLNE opened at $167.19 on Wednesday. Hamilton Lane has a 1 year low of $103.42 and a 1 year 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 stock has a 50 day simple moving average of $159.05 and a 200-day simple moving average of $162.99. The stock has a market cap of $9.27 billion, a PE ratio of 36.27 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The business had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. During the same period in the prior year, the firm posted $0.71 EPS. Hamilton Lane’s quarterly revenue was up 34.3% compared to the same quarter last year. On average, sell-side analysts predict that Hamilton Lane will post 4.88 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.17%. 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 made changes to their positions in HLNE. AQR Capital Management LLC raised its position in shares of Hamilton Lane by 3.7% during the second quarter. AQR Capital Management LLC now owns 8,979 shares of the company’s stock worth $1,110,000 after acquiring an additional 322 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Hamilton Lane by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 23,265 shares of the company’s stock worth $2,875,000 after acquiring an additional 1,810 shares during the last quarter. Truist Financial Corp raised its position in shares of Hamilton Lane by 6.8% during the second quarter. Truist Financial Corp now owns 12,477 shares of the company’s stock worth $1,542,000 after acquiring an additional 790 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Hamilton Lane during the second quarter worth $824,000. Finally, Handelsbanken Fonder AB raised its position in shares of Hamilton Lane by 75.4% during the third quarter. Handelsbanken Fonder AB now owns 11,400 shares of the company’s stock worth $1,920,000 after acquiring an additional 4,900 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

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.