Hamilton Lane (NASDAQ:HLNE) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Hamilton Lane (NASDAQ:HLNE) from a sell rating to a hold rating in a report issued on Sunday.

Several other research analysts have also issued reports on HLNE. Morgan Stanley dropped their target price on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. JPMorgan Chase & Co. decreased their price target on Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $150.00 to $158.00 and gave the stock an “outperform” rating in a research report on Thursday. Oppenheimer set a $181.00 target price on shares of Hamilton Lane and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings downgraded shares of Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $159.29.

Hamilton Lane Price Performance

Shares of HLNE traded down $0.69 during mid-day trading on Friday, hitting $130.35. 527,731 shares of the stock were exchanged, compared to its average volume of 542,368. The company has a market cap of $7.26 billion, a PE ratio of 25.07 and a beta of 1.23. Hamilton Lane has a 52-week low of $111.98 and a 52-week high of $203.72. The firm has a 50-day moving average of $132.37 and a two-hundred day moving average of $146.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.08 by $0.46. The company had revenue of $190.88 million during the quarter, compared to analyst estimates of $171.86 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%. On average, equities analysts predict that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 19th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a $2.16 dividend on an annualized basis and a yield of 1.7%. Hamilton Lane’s dividend payout ratio (DPR) is presently 39.13%.

Insider Transactions at Hamilton Lane

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $146.51, for a total value of $21,976,500.00. Following the transaction, the insider owned 330,015 shares in the company, valued at $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 22.21% of the stock is owned by company insiders.

Institutional Trading of Hamilton Lane

A number of institutional investors have recently modified their holdings of HLNE. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Hamilton Lane during the 1st quarter worth approximately $432,772,000. Champlain Investment Partners LLC purchased a new position in Hamilton Lane in the first quarter worth $112,887,000. T. Rowe Price Investment Management Inc. grew its holdings in Hamilton Lane by 63.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company’s stock worth $189,555,000 after purchasing an additional 494,637 shares during the last quarter. Norges Bank acquired a new position in shares of Hamilton Lane during the second quarter worth $46,641,000. Finally, Nuveen LLC purchased a new stake in shares of Hamilton Lane during the 1st quarter valued at $24,334,000. 97.40% of the stock is currently owned by institutional investors.

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.