Hamilton Lane (NASDAQ:HLNE) Price Target Raised to $120.00

Hamilton Lane (NASDAQ:HLNE) had its price target boosted by UBS Group from $115.00 to $120.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on the company. Weiss Ratings raised Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 31st. Morgan Stanley set a $118.00 target price on Hamilton Lane in a research report on Friday, October 16th. BMO Capital Markets decreased their price target on Hamilton Lane from $116.00 to $95.00 and set an “outperform” rating for the company in a report on Tuesday, October 27th. Wells Fargo & Company upped their price objective on shares of Hamilton Lane from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on Hamilton Lane from $150.00 to $144.00 and set an “overweight” rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Hamilton Lane currently has an average rating of “Moderate Buy” and an average price target of $126.12.

Hamilton Lane Trading Down 0.7%

HLNE opened at $89.46 on Thursday. Hamilton Lane has a fifty-two week low of $71.88 and a fifty-two week high of $155.66. The firm has a market capitalization of $4.97 billion, a PE ratio of 13.27 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.37 and a quick ratio of 3.49. The company’s 50-day moving average is $89.41 and its 200 day moving average is $96.59.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.33. The business had revenue of $204.43 million during the quarter, compared to the consensus estimate of $215.23 million. Hamilton Lane had a return on equity of 23.47% and a net margin of 32.40%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 EPS. As a group, research analysts predict that Hamilton Lane will post 7.61 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Monday, December 21st will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a $2.40 annualized dividend and a yield of 2.7%. Hamilton Lane’s payout ratio is currently 35.61%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Copeland Capital Management LLC boosted its position in Hamilton Lane by 52.5% during the third quarter. Copeland Capital Management LLC now owns 741,678 shares of the company’s stock worth $64,422,000 after purchasing an additional 255,238 shares during the period. Congress Asset Management Co. raised its position in shares of Hamilton Lane by 22.3% in the third quarter. Congress Asset Management Co. now owns 128,545 shares of the company’s stock valued at $11,165,000 after purchasing an additional 23,447 shares during the period. AXQ Capital LP bought a new stake in shares of Hamilton Lane in the second quarter valued at approximately $3,575,000. Squarepoint Ops LLC bought a new stake in shares of Hamilton Lane in the second quarter valued at approximately $24,063,000. Finally, Sei Investments Co. lifted its stake in shares of Hamilton Lane by 37.4% during the 1st quarter. Sei Investments Co. now owns 406,425 shares of the company’s stock valued at $40,399,000 after buying an additional 110,617 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

About Hamilton Lane

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.