Hamilton Lane Inc. (HLNE) Stock Rating Lowered by Morgan Stanley
Morgan Stanley cut shares of Hamilton Lane Inc. (NASDAQ:HLNE) from an overweight rating to an equal weight rating in a report released on Thursday, MarketBeat Ratings reports. The firm currently has $28.00 target price on the stock, up from their previous target price of $25.00.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Hamilton Lane from a hold rating to a buy rating and set a $26.00 price target on the stock in a research report on Saturday, September 9th. Keefe, Bruyette & Woods restated a hold rating and issued a $24.00 price target on shares of Hamilton Lane in a research report on Thursday, September 28th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $23.80.
Shares of Hamilton Lane (HLNE) opened at 26.67 on Thursday. The firm has a market cap of $513.82 million and a price-to-earnings ratio of 80.82. Hamilton Lane has a 1-year low of $17.32 and a 1-year high of $28.52. The company’s 50-day moving average is $25.23 and its 200 day moving average is $25.23.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.07. The firm had revenue of $52.70 million during the quarter, compared to analyst estimates of $50.69 million. Hamilton Lane’s quarterly revenue was up 33.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. On average, equities research analysts expect that Hamilton Lane will post $1.09 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Thursday, September 14th.
Several hedge funds and other institutional investors have recently made changes to their positions in HLNE. Russell Investments Group Ltd. bought a new position in shares of Hamilton Lane in the first quarter worth about $798,000. Wells Fargo & Company MN bought a new position in shares of Hamilton Lane in the first quarter worth about $131,000. Parametric Portfolio Associates LLC bought a new position in shares of Hamilton Lane in the first quarter worth about $872,000. SG Americas Securities LLC bought a new position in shares of Hamilton Lane in the first quarter worth about $194,000. Finally, Alliancebernstein L.P. bought a new position in shares of Hamilton Lane in the first quarter worth about $12,141,000. 27.21% of the stock is owned by institutional investors.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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