Hamilton Lane (NASDAQ:HLNE) Price Target Raised to $114.00

Hamilton Lane (NASDAQ:HLNE) had its target price boosted by Wells Fargo & Company from $103.00 to $114.00 in a report released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other analysts also recently issued reports about the company. Weiss Ratings upgraded Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Morgan Stanley set a $118.00 price target on Hamilton Lane in a research note on Friday, October 16th. Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, BMO Capital Markets decreased their target price on shares of Hamilton Lane from $116.00 to $95.00 and set an “outperform” rating on the stock in a report on Tuesday, October 27th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hamilton Lane currently has a consensus rating of “Moderate Buy” and an average price target of $126.12.

Hamilton Lane Stock Performance

Shares of HLNE stock traded down $0.67 on Wednesday, hitting $89.46. The company’s stock had a trading volume of 616,474 shares, compared to its average volume of 607,645. Hamilton Lane has a fifty-two week low of $71.88 and a fifty-two week high of $155.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.49 and a current ratio of 3.49. The stock’s 50 day moving average is $89.41 and its 200-day moving average is $96.59. The company has a market capitalization of $4.97 billion, a PE ratio of 13.27 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.33. The company had revenue of $204.43 million during the quarter, compared to the consensus estimate of $215.23 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.54 earnings per share. Equities research analysts expect that Hamilton Lane will post 7.61 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Monday, December 21st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. Hamilton Lane’s dividend payout ratio is 35.61%.

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new position in Hamilton Lane during the 3rd quarter worth approximately $27,000. IFP Advisors Inc lifted its stake in Hamilton Lane by 332.0% in the 2nd quarter. IFP Advisors Inc now owns 419 shares of the company’s stock valued at $33,000 after purchasing an additional 322 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in Hamilton Lane in the third quarter valued at approximately $51,000. Harbor Investment Advisory LLC acquired a new stake in Hamilton Lane in the second quarter valued at approximately $58,000. Finally, GAMMA Investing LLC boosted its position in Hamilton Lane by 80.1% in the third quarter. GAMMA Investing LLC now owns 789 shares of the company’s stock valued at $69,000 after buying an additional 351 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

About Hamilton Lane

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.