Hamilton Lane (NASDAQ:HLNE) Price Target Raised to $158.00 at Keefe, Bruyette & Woods

Hamilton Lane (NASDAQ:HLNE) had its price objective raised by Keefe, Bruyette & Woods from $150.00 to $158.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

HLNE has been the subject of several other reports. Zacks Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Wall Street Zen downgraded Hamilton Lane from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. decreased their price target on shares of Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Finally, Oppenheimer set a $181.00 price target on shares of Hamilton Lane and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Hamilton Lane currently has an average rating of “Moderate Buy” and a consensus price target of $159.29.

Hamilton Lane Price Performance

NASDAQ HLNE opened at $127.85 on Thursday. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. Hamilton Lane has a 1 year low of $111.98 and a 1 year high of $203.72. The company has a market cap of $7.12 billion, a PE ratio of 24.59 and a beta of 1.23. The stock’s 50-day moving average price is $132.84 and its two-hundred day moving average price is $146.13.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, November 4th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.08 by $0.46. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The company had revenue of $190.88 million during the quarter, compared to analysts’ expectations of $171.86 million. On average, analysts predict that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 19th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, December 19th. Hamilton Lane’s dividend payout ratio is presently 39.13%.

Insider Buying and Selling at Hamilton Lane

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the completion of the sale, the insider owned 330,015 shares in the company, valued at approximately $48,350,497.65. This represents a 31.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 22.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hamilton Lane

Large investors have recently added to or reduced their stakes in the stock. WPG Advisers LLC acquired a new stake in shares of Hamilton Lane in the first quarter worth $26,000. Cornerstone Planning Group LLC grew its holdings in Hamilton Lane by 347.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after buying an additional 153 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Hamilton Lane by 920.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock worth $29,000 after buying an additional 184 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Hamilton Lane by 80.5% during the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after buying an additional 95 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Hamilton Lane in the first quarter valued at approximately $33,000. 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.