Hamilton Lane (NASDAQ:HLNE) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Hamilton Lane (NASDAQ:HLNE - Free Report) from a hold rating to a sell rating in a research note released on Friday morning.

Several other analysts have also commented on the company. Keefe, Bruyette & Woods cut their price objective on Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a report on Monday, June 2nd. Oppenheimer lowered shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Wells Fargo & Company dropped their price target on shares of 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. JPMorgan Chase & Co. dropped their price target on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, Morgan Stanley dropped their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Hamilton Lane presently has a consensus rating of "Hold" and a consensus target price of $164.29.

Hamilton Lane Stock Performance

Shares of HLNE stock traded up $0.91 during trading hours on Friday, reaching $151.73. The company had a trading volume of 635,252 shares, compared to its average volume of 462,818. The business has a fifty day moving average price of $152.61 and a 200-day moving average price of $155.99. Hamilton Lane has a one year low of $114.85 and a one year high of $203.72. The firm has a market cap of $8.41 billion, a PE ratio of 27.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19.

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

Hamilton Lane Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 20th will be paid a $0.54 dividend. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date is Friday, June 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.42%. Hamilton Lane's dividend payout ratio is 40.07%.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Hamilton Lane by 252.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after acquiring an additional 126 shares during the period. WPG Advisers LLC bought a new position in shares of Hamilton Lane during the first quarter worth $26,000. Versant Capital Management Inc bought a new position in Hamilton Lane during the first quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. bought a new position in Hamilton Lane during the first quarter valued at approximately $33,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in Hamilton Lane by 27.0% during 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. 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.