Hamilton Lane (NASDAQ:HLNE) Price Target Raised to $120.00 at UBS Group

Hamilton Lane (NASDAQ:HLNE - Free Report) had its target price increased by UBS Group from $118.00 to $120.00 in a research note released on Friday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities research analysts have also issued reports on the company. Oppenheimer lowered Hamilton Lane from an outperform rating to a market perform rating in a research note on Thursday, January 11th. Wells Fargo & Company raised their price objective on Hamilton Lane from $106.00 to $111.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. downgraded Hamilton Lane from an overweight rating to a neutral rating and set a $115.00 price objective on the stock. in a report on Thursday. Finally, Morgan Stanley raised their price objective on Hamilton Lane from $102.00 to $126.00 and gave the stock an equal weight rating in a report on Wednesday, January 24th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $109.67.

Hamilton Lane Trading Down 3.2 %

Shares of HLNE stock traded down $3.69 on Friday, reaching $110.53. 157,608 shares of the company's stock were exchanged, compared to its average volume of 260,228. Hamilton Lane has a 52 week low of $62.86 and a 52 week high of $121.90. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5.97 billion, a PE ratio of 34.01 and a beta of 1.18. The company's fifty day simple moving average is $112.58 and its 200 day simple moving average is $104.19.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.17). Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. The business had revenue of $125.26 million for the quarter, compared to the consensus estimate of $130.47 million. During the same period in the prior year, the business posted $0.43 earnings per share. Hamilton Lane's revenue was down 1.4% on a year-over-year basis. As a group, analysts forecast that Hamilton Lane will post 3.55 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were issued a $0.445 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.61%. Hamilton Lane's dividend payout ratio is presently 54.77%.

Insider Activity

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of Hamilton Lane stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $108.00, for a total value of $5,940,000.00. Following the transaction, the insider now directly owns 480,015 shares in the company, valued at approximately $51,841,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 26.82% of the company's stock.

Institutional Trading of Hamilton Lane

A number of institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in shares of Hamilton Lane by 13.8% in the 1st quarter. Wellington Management Group LLP now owns 4,119,730 shares of the company's stock worth $318,414,000 after purchasing an additional 498,381 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Hamilton Lane by 6.6% in the 4th quarter. Vanguard Group Inc. now owns 3,395,427 shares of the company's stock worth $385,177,000 after purchasing an additional 210,155 shares in the last quarter. BlackRock Inc. boosted its position in shares of Hamilton Lane by 7.2% in the 2nd quarter. BlackRock Inc. now owns 3,101,085 shares of the company's stock worth $248,025,000 after purchasing an additional 209,371 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Hamilton Lane by 14.6% in the 4th quarter. Clearbridge Investments LLC now owns 1,413,804 shares of the company's stock worth $160,382,000 after purchasing an additional 179,873 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in Hamilton Lane by 2.4% during the 1st quarter. Macquarie Group Ltd. now owns 1,188,658 shares of the company's stock worth $87,937,000 after acquiring an additional 27,978 shares during the period. Institutional investors and hedge funds 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.