Hamilton Lane (NASDAQ:HLNE) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Hamilton Lane (NASDAQ:HLNE) in a research note released on Friday morning, Marketbeat reports. The brokerage issued an overweight rating and a $103.00 target price on the stock.

A number of other analysts have also recently weighed in on HLNE. Weiss Ratings upgraded Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. The Goldman Sachs Group reissued a “buy” rating and set a $117.00 price objective on shares of Hamilton Lane in a report on Friday. Oppenheimer reduced their target price on shares of Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating on the stock in a research note on Thursday, August 27th. BMO Capital Markets set a $94.00 target price on shares of Hamilton Lane in a report on Monday, July 13th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Hamilton Lane from $105.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.62.

Hamilton Lane Stock Down 1.7%

NASDAQ HLNE opened at $87.04 on Friday. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $96.90 and its two-hundred day moving average is $91.68. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 13.27 and a beta of 1.23. Hamilton Lane has a 1-year low of $71.88 and a 1-year high of $155.66.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.41. The company had revenue of $275.33 million for the quarter, compared to analyst estimates of $221.94 million. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%.The company’s revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 EPS. Equities analysts forecast that Hamilton Lane will post 7.25 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, September 21st. Hamilton Lane’s dividend payout ratio is presently 36.59%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HLNE. AXQ Capital LP bought a new position in shares of Hamilton Lane in the second quarter worth about $3,575,000. Sei Investments Co. grew its stake in shares of Hamilton Lane by 37.4% during the first quarter. Sei Investments Co. now owns 406,425 shares of the company’s stock valued at $40,399,000 after purchasing an additional 110,617 shares during the last quarter. GW&K Investment Management LLC bought a new stake in shares of Hamilton Lane during the fourth quarter valued at approximately $33,534,000. Squarepoint Ops LLC acquired a new stake in shares of Hamilton Lane in the second quarter valued at approximately $24,063,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Hamilton Lane in the second quarter valued at approximately $1,269,000. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Company Profile

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm focused on private markets. The company provides investment solutions and advisory services to institutional investors, family offices, financial intermediaries and private wealth clients seeking exposure to alternative investments.

Its offerings include customized separate accounts, commingled funds, evergreen funds, secondary investments, direct and co-investments, and other private-market strategies. Hamilton Lane also provides portfolio management, investment research, due diligence, monitoring, reporting and data-driven technology designed to help clients evaluate and manage private-market portfolios.

Founded in 1991, Hamilton Lane serves clients across North America, Europe, Asia-Pacific and other international markets through a global network of offices.