Hamilton Lane (NASDAQ:HLNE) had its price objective lifted by Wells Fargo & Co from $58.00 to $60.00 in a research report report published on Thursday, BenzingaRatingsTable reports. Wells Fargo & Co currently has a market perform rating on the stock.
HLNE has been the topic of a number of other research reports. Keefe, Bruyette & Woods lowered shares of Hamilton Lane from a market perform rating to an underperform rating and increased their price objective for the stock from $49.00 to $53.00 in a report on Thursday, July 11th. They noted that the move was a valuation call. Morgan Stanley increased their price objective on shares of Hamilton Lane from $56.00 to $60.00 and gave the stock an overweight rating in a report on Friday, May 31st. Zacks Investment Research lowered shares of Hamilton Lane from a hold rating to a sell rating in a report on Tuesday, August 20th. Oppenheimer assumed coverage on shares of Hamilton Lane in a report on Tuesday, June 25th. They set a market perform rating on the stock. They noted that the move was a valuation call. Finally, CIBC assumed coverage on shares of Hamilton Lane in a report on Tuesday, June 25th. They set a market perform rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Hamilton Lane presently has a consensus rating of Hold and an average target price of $52.80.
Shares of Hamilton Lane stock opened at $60.49 on Thursday. The stock has a market capitalization of $3.03 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 1.94 and a beta of 0.99. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $58.67 and a 200 day simple moving average of $52.37. Hamilton Lane has a 12-month low of $31.81 and a 12-month high of $64.64.
Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Hamilton Lane had a return on equity of 61.94% and a net margin of 14.24%. The company had revenue of $65.00 million for the quarter, compared to the consensus estimate of $71.21 million. During the same period in the prior year, the company earned $0.38 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts anticipate that Hamilton Lane will post 2.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Friday, September 13th. Hamilton Lane’s dividend payout ratio (DPR) is presently 57.59%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. boosted its stake in shares of Hamilton Lane by 578.4% in the 2nd quarter. Advisor Group Inc. now owns 1,133 shares of the company’s stock valued at $65,000 after purchasing an additional 966 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Hamilton Lane in the 2nd quarter valued at about $78,000. SG Americas Securities LLC bought a new position in shares of Hamilton Lane in the 1st quarter valued at about $109,000. Bank of Montreal Can bought a new position in shares of Hamilton Lane in the 2nd quarter valued at about $110,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Hamilton Lane by 1,229.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,762 shares of the company’s stock valued at $164,000 after purchasing an additional 3,479 shares during the last quarter. 46.49% of the stock is currently owned by institutional investors.
About Hamilton Lane
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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