Hamilton Lane (NASDAQ:HLNE) Price Target Raised to $135.00

Hamilton Lane (NASDAQ:HLNE) had its price target upped by Keefe, Bruyette & Woods from $118.00 to $135.00 in a research report report published on Friday, Marketbeat Ratings reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other brokerages have also issued reports on HLNE. JPMorgan Chase & Co. lowered Hamilton Lane from an overweight rating to a neutral rating and set a $115.00 price target for the company. in a research report on Thursday, April 11th. UBS Group upped their price objective on shares of Hamilton Lane from $118.00 to $120.00 and gave the stock a neutral rating in a report on Friday, April 12th. Finally, Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $106.00 to $111.00 and gave the stock an equal weight rating in a research report on Wednesday, February 7th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $114.00.

Hamilton Lane Stock Up 2.2 %

HLNE stock opened at $126.95 on Friday. The stock has a market cap of $6.86 billion, a PE ratio of 34.40 and a beta of 1.16. The firm’s 50-day simple moving average is $113.61 and its 200 day simple moving average is $110.56. Hamilton Lane has a fifty-two week low of $62.86 and a fifty-two week high of $129.02. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.32.

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

Hamilton Lane Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a dividend of $0.49 per share. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, June 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.54%. Hamilton Lane’s dividend payout ratio (DPR) is 48.24%.

Insider Buying and Selling

In related news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the completion of the sale, the insider now directly owns 480,015 shares in the company, valued at $51,841,620. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 26.82% of the company’s stock.

Institutional Investors Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Principal Securities Inc. purchased a new position in Hamilton Lane in the 4th quarter worth about $26,000. USA Financial Formulas acquired a new stake in shares of Hamilton Lane during the fourth quarter valued at approximately $28,000. Covestor Ltd lifted its position in shares of 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 acquiring an additional 298 shares in the last quarter. GAMMA Investing LLC acquired a new position in Hamilton Lane in the 4th quarter worth approximately $48,000. Finally, SRS Capital Advisors Inc. grew its position in Hamilton Lane by 345.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock worth $58,000 after purchasing an additional 394 shares in the last quarter. 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.