Hamilton Lane (NASDAQ:HLNE) Given New $120.00 Price Target at JPMorgan Chase & Co.

Hamilton Lane (NASDAQ:HLNE) had its price target lifted by JPMorgan Chase & Co. from $115.00 to $120.00 in a report issued on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods upped their price objective on Hamilton Lane from $118.00 to $135.00 and gave the stock a market perform rating in a research report on Friday. UBS Group upped their price target on shares of Hamilton Lane from $118.00 to $120.00 and gave the company a neutral rating in a research report on Friday, April 12th. Finally, Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $106.00 to $111.00 and gave the company an equal weight rating in a report on Wednesday, February 7th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $114.00.

Hamilton Lane Price Performance

Hamilton Lane stock traded up $2.73 during midday trading on Friday, reaching $126.95. The company had a trading volume of 486,911 shares, compared to its average volume of 231,843. Hamilton Lane has a 12-month low of $62.86 and a 12-month high of $129.02. The firm’s fifty day simple moving average is $113.61 and its 200-day simple moving average is $110.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58. The company has a market capitalization of $6.86 billion, a P/E ratio of 34.40 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.38. The firm had revenue of $176.67 million during the quarter, compared to analyst estimates of $134.72 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.00%. As a group, equities analysts anticipate that Hamilton Lane will post 4.37 EPS for the current year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a $0.49 dividend. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.96 annualized dividend and a yield of 1.54%. Hamilton Lane’s payout ratio is presently 48.24%.

Insider Buying and Selling at Hamilton Lane

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $108.00, for a total value of $5,940,000.00. Following the transaction, the insider now directly owns 480,015 shares of the company’s stock, valued at $51,841,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 26.82% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds have recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in shares of Hamilton Lane in the 4th quarter valued at approximately $26,000. USA Financial Formulas acquired a new position in Hamilton Lane during the 4th quarter worth $28,000. Covestor Ltd grew its position in Hamilton Lane by 14,900.0% in the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after buying an additional 298 shares in the last quarter. GAMMA Investing LLC bought a new position in Hamilton Lane during the 4th quarter valued at $48,000. Finally, SRS Capital Advisors Inc. raised its position in Hamilton Lane by 345.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock worth $58,000 after acquiring an additional 394 shares in the last quarter. Institutional investors and hedge funds 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.