Hamilton Lane (NASDAQ:HLNE) Given New $162.00 Price Target at Wells Fargo & Company

Hamilton Lane (NASDAQ:HLNE - Free Report) had its price objective hoisted by Wells Fargo & Company from $161.00 to $162.00 in a report released on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. JPMorgan Chase & Co. cut 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 report on Tuesday, April 29th. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods cut their price objective on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating on the stock in a research report on Monday, June 2nd. 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 report on Monday, April 14th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $164.43.

Hamilton Lane Trading Down 1.2%

NASDAQ HLNE traded down $1.85 on Friday, reaching $151.38. The company had a trading volume of 458,339 shares, compared to its average volume of 513,460. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 28.09 and a beta of 1.22. Hamilton Lane has a fifty-two week low of $123.98 and a fifty-two week high of $203.72. The business has a 50 day moving average of $153.48 and a two-hundred day moving average of $150.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.83 and a quick ratio of 4.83.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $165.49 million. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. Hamilton Lane's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.38 earnings per share. Analysts forecast that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Friday, June 20th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.43%. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, June 20th. Hamilton Lane's payout ratio is currently 40.07%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC lifted its stake in Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after purchasing an additional 61 shares during the last quarter. CWM LLC increased its position in shares of Hamilton Lane by 18.2% during the first quarter. CWM LLC now owns 611 shares of the company's stock valued at $91,000 after buying an additional 94 shares during the period. HighTower Advisors LLC grew its holdings in Hamilton Lane by 6.0% in the fourth quarter. HighTower Advisors LLC now owns 1,824 shares of the company's stock worth $270,000 after purchasing an additional 103 shares during the period. Pictet Asset Management Holding SA grew its holdings in Hamilton Lane by 2.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company's stock worth $801,000 after purchasing an additional 108 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings in Hamilton Lane by 0.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 12,245 shares of the company's stock worth $1,813,000 after purchasing an additional 109 shares during the period. 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.