Hamilton Lane (NASDAQ:HLNE) Given New $145.00 Price Target at JPMorgan Chase & Co.

Hamilton Lane (NASDAQ:HLNE - Free Report) had its price objective lowered by JPMorgan Chase & Co. from $153.00 to $145.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

HLNE has been the topic of a number of other research reports. Wells Fargo & Company upped their price target on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Keefe, Bruyette & Woods lowered their target price on Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating on the stock in a report on Monday, June 2nd. Wall Street Zen downgraded Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Morgan Stanley dropped their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Finally, Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $161.29.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock traded up $1.05 during trading on Wednesday, reaching $156.57. The company's stock had a trading volume of 274,084 shares, compared to its average volume of 726,071. The company has a 50-day moving average price of $151.20 and a two-hundred day moving average price of $151.20. Hamilton Lane has a fifty-two week low of $123.98 and a fifty-two week high of $203.72. The firm has a market cap of $8.38 billion, a PE ratio of 29.05 and a beta of 1.22. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.31.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $197.97 million during the quarter, compared to analysts' expectations of $165.49 million. Hamilton Lane had a net margin of 30.50% and a return on equity of 32.94%. The business's revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 earnings per share. On average, analysts forecast that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Friday, June 20th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.38%. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date was Friday, June 20th. Hamilton Lane's dividend payout ratio is 40.07%.

Hedge Funds Weigh In On Hamilton Lane

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in Hamilton Lane by 65.8% in the 1st quarter. GAMMA Investing LLC now owns 920 shares of the company's stock valued at $137,000 after purchasing an additional 365 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in Hamilton Lane during the first quarter worth approximately $225,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Hamilton Lane by 12.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,773 shares of the company's stock valued at $1,437,000 after purchasing an additional 1,084 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Hamilton Lane by 6.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,414 shares of the company's stock worth $508,000 after buying an additional 212 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Hamilton Lane by 11.3% in the 1st quarter. New York State Teachers Retirement System now owns 7,880 shares of the company's stock worth $1,172,000 after buying an additional 800 shares in the last quarter. 97.40% of the stock is 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.