Hamilton Lane (NASDAQ:HLNE - Free Report) had its price target decreased by Wells Fargo & Company from $166.00 to $161.00 in a report released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.
A number of other equities analysts have also recently issued reports on HLNE. JPMorgan Chase & Co. reduced their price objective 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. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. 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 research report on Monday, April 14th. Finally, Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $166.14.
Get Our Latest Stock Report on HLNE
Hamilton Lane Price Performance
Shares of NASDAQ HLNE traded down $6.31 during mid-day trading on Friday, hitting $149.77. 1,480,590 shares of the stock were exchanged, compared to its average volume of 454,185. The company has a market cap of $8.30 billion, a P/E ratio of 27.63 and a beta of 1.31. The stock's fifty day simple moving average is $152.75 and its two-hundred day simple moving average is $158.13. 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 has a twelve month low of $114.85 and a twelve month high of $203.72.
Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $1.21 earnings per share 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 analyst estimates of $165.49 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. Hamilton Lane's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 earnings per share. As a group, analysts forecast that Hamilton Lane will post 4.97 EPS for the current fiscal year.
Hamilton Lane Increases Dividend
The company 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 dividend of $0.54 per share. The ex-dividend date is Friday, June 20th. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a dividend yield of 1.44%. Hamilton Lane's payout ratio is currently 36.16%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of HLNE. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Hamilton Lane in the 1st quarter valued at about $432,772,000. Price T Rowe Associates Inc. MD boosted its position in shares of Hamilton Lane by 229.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock worth $191,321,000 after acquiring an additional 900,283 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Hamilton Lane by 28.4% during the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock worth $577,681,000 after acquiring an additional 863,326 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of Hamilton Lane during the 1st quarter worth approximately $112,887,000. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Hamilton Lane by 63.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company's stock worth $189,555,000 after acquiring an additional 494,637 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.
About Hamilton Lane
(
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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.
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