Wells Fargo & Company Has Lowered Expectations for Hamilton Lane (NASDAQ:HLNE) Stock Price

Hamilton Lane (NASDAQ:HLNE) had its target price trimmed by Wells Fargo & Company from $152.00 to $147.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

HLNE has been the subject of a number of other reports. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a research note on Monday, January 6th. Finally, Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a report on Tuesday, January 21st. 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’s stock. According to data from MarketBeat, Hamilton Lane currently has a consensus rating of “Hold” and a consensus price target of $170.00.

Hamilton Lane Trading Down 6.1 %

NASDAQ:HLNE opened at $138.07 on Tuesday. The business’s 50-day moving average is $150.17 and its two-hundred day moving average is $163.66. The firm has a market capitalization of $7.65 billion, a PE ratio of 25.47 and a beta of 1.32. Hamilton Lane has a 12 month low of $108.34 and a 12 month high of $203.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same period in the previous year, the company posted $0.71 EPS. Hamilton Lane’s revenue for the quarter was up 34.3% on a year-over-year basis. Research analysts predict that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.42%. Hamilton Lane’s dividend payout ratio (DPR) is 36.16%.

Institutional Trading of Hamilton Lane

Several institutional investors and hedge funds have recently bought and sold shares of HLNE. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock valued at $26,000 after acquiring an additional 126 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Hamilton Lane during the first quarter worth $30,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after buying an additional 221 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Hamilton Lane in the 4th quarter valued at about $65,000. Institutional investors and hedge funds 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.