Hamilton Lane (NASDAQ:HLNE) Price Target Cut to $155.00 by Analysts at Keefe, Bruyette & Woods

Hamilton Lane (NASDAQ:HLNE - Free Report) had its price target decreased by Keefe, Bruyette & Woods from $162.00 to $155.00 in a report published on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other equities analysts have also weighed in on the stock. Morgan Stanley cut their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. dropped their price objective on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Finally, Wells Fargo & Company reduced their target price on Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating on the stock in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, Hamilton Lane currently has an average rating of "Hold" and a consensus price target of $164.29.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE traded up $1.31 during midday trading on Monday, hitting $150.39. The stock had a trading volume of 276,151 shares, compared to its average volume of 457,269. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $8.34 billion, a P/E ratio of 27.80 and a beta of 1.31. The company's 50-day moving average price is $152.66 and its 200-day moving average price is $157.47. Hamilton Lane has a fifty-two week low of $114.85 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The company had revenue of $197.97 million during the quarter, compared to analysts' expectations of $165.49 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. Hamilton Lane's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 EPS. As a group, equities research analysts predict that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.54 per share. This is an increase from Hamilton Lane's previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, June 20th. Hamilton Lane's payout ratio is currently 40.07%.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new position in Hamilton Lane in the 1st quarter worth $1,546,000. Geneos Wealth Management Inc. increased its holdings in Hamilton Lane by 196.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company's stock valued at $57,000 after acquiring an additional 254 shares during the last quarter. Intech Investment Management LLC lifted its stake in Hamilton Lane by 44.4% in the 1st quarter. Intech Investment Management LLC now owns 26,167 shares of the company's stock worth $3,890,000 after purchasing an additional 8,051 shares in the last quarter. Optimize Financial Inc bought a new position in shares of Hamilton Lane during the 1st quarter valued at about $374,000. Finally, United Services Automobile Association purchased a new position in shares of Hamilton Lane during the first quarter valued at about $368,000. Hedge funds and other institutional investors 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.