Keefe, Bruyette & Woods Issues Positive Forecast for Hamilton Lane (NASDAQ:HLNE) Stock Price

Hamilton Lane (NASDAQ:HLNE) had its price objective lifted by Keefe, Bruyette & Woods from $158.00 to $168.00 in a research report report published on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

HLNE has been the topic of several other research reports. Wells Fargo & Company boosted their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. UBS Group increased their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley raised their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Hamilton Lane currently has an average rating of “Hold” and a consensus price target of $173.14.

Hamilton Lane Trading Up 5.4 %

Shares of HLNE stock opened at $170.18 on Wednesday. Hamilton Lane has a 1-year low of $103.42 and a 1-year high of $203.72. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 36.92 and a beta of 1.25. The stock has a 50-day moving average of $160.06 and a 200-day moving average of $162.80.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. On average, equities research analysts forecast that Hamilton Lane will post 4.88 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.15%. Hamilton Lane’s dividend payout ratio is 42.52%.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors have recently modified their holdings of the company. CWM LLC increased its stake in Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after buying an additional 156 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane during the third quarter worth about $111,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Hamilton Lane in the 3rd quarter worth about $127,000. Finally, KBC Group NV lifted its position in Hamilton Lane by 18.0% in the 3rd quarter. KBC Group NV now owns 1,141 shares of the company’s stock valued at $192,000 after acquiring an additional 174 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.