Keefe, Bruyette & Woods Cuts Hamilton Lane (NASDAQ:HLNE) Price Target to $158.00

Hamilton Lane (NASDAQ:HLNE) had its price target reduced by Keefe, Bruyette & Woods from $167.00 to $158.00 in a research report released on Monday,Benzinga reports. They currently have a market perform rating on the stock.

Several other research firms also recently commented on HLNE. Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Morgan Stanley upped their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. UBS Group upped their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $168.33.

Hamilton Lane Trading Up 2.5 %

HLNE opened at $144.61 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The company’s 50 day simple moving average is $172.17 and its two-hundred day simple moving average is $160.20. Hamilton Lane has a 1-year low of $103.42 and a 1-year high of $203.72. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 31.37 and a beta of 1.24.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. During the same quarter in the previous year, the company earned $0.89 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts expect that Hamilton Lane will post 4.87 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Monday, December 16th. Hamilton Lane’s dividend payout ratio is currently 42.52%.

Hedge Funds Weigh In On Hamilton Lane

A number of hedge funds have recently made changes to their positions in HLNE. Wellington Management Group LLP grew its holdings in Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after purchasing an additional 413,015 shares in the last quarter. State Street Corp raised its holdings in shares of Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after acquiring an additional 489,557 shares during the period. Geode Capital Management LLC raised its holdings in shares of Hamilton Lane by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after acquiring an additional 25,657 shares during the period. Copeland Capital Management LLC raised its holdings in shares of Hamilton Lane by 0.8% during the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock valued at $145,388,000 after acquiring an additional 7,106 shares during the period. Finally, Fred Alger Management LLC raised its holdings in shares of Hamilton Lane by 10.5% during the second quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock valued at $84,964,000 after acquiring an additional 65,151 shares during the period. Hedge funds and other institutional investors 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.