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

Key Points

• Hamilton Lane's price target was increased from $160.00 to $168.00 by Keefe, Bruyette & Woods, indicating a potential upside of 5.90% from its previous close.
• Other analysts have mixed opinions, with Oppenheimer downgrading it to a "market perform" and Morgan Stanley cutting their price objective from $190.00 to $157.00.
• The company reported better-than-expected earnings with a $1.31 EPS, exceeding estimates of $0.98, and a revenue of $196.73 million, reflecting an 11.8% year-over-year increase.

Hamilton Lane (NASDAQ:HLNE - Free Report) had its price objective lifted by Keefe, Bruyette & Woods from $160.00 to $168.00 in a report released on Wednesday morning,Benzinga reports. They currently have a market perform rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. 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 report on Monday, April 14th. JPMorgan Chase & Co. dropped their target price on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen lowered Hamilton Lane from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Finally, Wells Fargo & Company increased 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. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $163.14.

Hamilton Lane Stock Performance

HLNE traded up $1.35 on Wednesday, hitting $154.54. 276,636 shares of the company traded hands, compared to its average volume of 405,942. Hamilton Lane has a 12-month low of $124.10 and a 12-month high of $203.72. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $148.59 and a 200-day moving average of $151.64. The stock has a market capitalization of $8.28 billion, a PE ratio of 29.72 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.98 by $0.33. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The company had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. During the same quarter last year, the business earned $1.47 EPS. The business's revenue was up 11.8% on a year-over-year basis. Sell-side analysts anticipate that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. Hamilton Lane's dividend payout ratio (DPR) is presently 41.54%.

Hedge Funds Weigh In On Hamilton Lane

Large investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its stake in Hamilton Lane by 252.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after purchasing an additional 126 shares during the last quarter. WPG Advisers LLC bought a new position in Hamilton Lane during the first quarter worth $26,000. Parkside Financial Bank & Trust lifted its stake in Hamilton Lane by 920.0% during the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company's stock worth $29,000 after purchasing an additional 184 shares during the last quarter. Versant Capital Management Inc bought a new position in Hamilton Lane during the first quarter worth $30,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Hamilton Lane during the first quarter worth $33,000. 97.40% of the stock is currently owned by institutional investors.

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.