JPMorgan Chase & Co. Lowers Hamilton Lane (NASDAQ:HLNE) Price Target to $167.00

Hamilton Lane (NASDAQ:HLNE - Free Report) had its price target cut by JPMorgan Chase & Co. from $176.00 to $167.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued reports about the stock. Morgan Stanley reduced their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a research report on Monday, January 6th. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $164.14.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock traded up $4.97 on Tuesday, hitting $160.59. 394,377 shares of the company's stock were exchanged, compared to its average volume of 432,682. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a market capitalization of $8.90 billion, a PE ratio of 29.63 and a beta of 1.31. Hamilton Lane has a 1 year low of $114.25 and a 1 year high of $203.72. The company has a 50-day simple moving average of $145.61 and a 200-day simple moving average of $160.64.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. Hamilton Lane's revenue for the quarter was up 34.3% on a year-over-year basis. As a group, equities analysts anticipate that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds and other institutional investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its holdings in Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after acquiring an additional 126 shares in the last quarter. Versant Capital Management Inc purchased a new position in Hamilton Lane during the first quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Hamilton Lane in the 1st quarter valued at $33,000. CBIZ Investment Advisory Services LLC grew its stake in Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after purchasing an additional 61 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after buying an additional 221 shares in the last quarter. 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.