Hamilton Lane (NASDAQ:HLNE) Price Target Lowered to $152.00 at Wells Fargo & Company

Hamilton Lane (NASDAQ:HLNE) had its price objective decreased by Wells Fargo & Company from $169.00 to $152.00 in a research note released on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

HLNE has been the subject of several other research reports. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Hamilton Lane currently has a consensus rating of “Hold” and an average price target of $170.71.

Hamilton Lane Stock Down 0.9 %

NASDAQ HLNE opened at $149.20 on Thursday. The stock has a 50 day moving average price of $152.88 and a 200-day moving average price of $164.71. Hamilton Lane has a one year low of $107.22 and a one year high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The company has a market capitalization of $8.27 billion, a P/E ratio of 27.53 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same quarter last year, the business earned $0.71 earnings per share. Hamilton Lane’s quarterly revenue was up 34.3% compared to the same quarter last year. As a group, equities analysts predict that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio is 36.16%.

Hedge Funds Weigh In On Hamilton Lane

Institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in Hamilton Lane by 229.7% in the fourth 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 during the period. Vanguard Group Inc. raised its holdings in shares of Hamilton Lane by 28.4% in the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock valued at $577,681,000 after purchasing an additional 863,326 shares in the last quarter. State Street Corp lifted its position in shares of Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after purchasing an additional 489,557 shares during the period. Norges Bank bought a new position in shares of Hamilton Lane during the fourth quarter valued at approximately $68,909,000. Finally, Wellington Management Group LLP increased its holdings in Hamilton Lane by 31.1% during the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after buying an additional 413,015 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.