Hamilton Lane (NASDAQ:HLNE) Given New $157.00 Price Target at Morgan Stanley

Hamilton Lane (NASDAQ:HLNE) had its price target cut by Morgan Stanley from $190.00 to $157.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

HLNE has been the subject of several other reports. Wells Fargo & Company lowered their price objective on Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Finally, Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock 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 assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $165.29.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $140.87 on Monday. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 25.99 and a beta of 1.32. Hamilton Lane has a 1 year low of $108.34 and a 1 year high of $203.72. The stock’s 50 day simple moving average is $149.10 and its two-hundred day simple moving average is $163.25. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping 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 company had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. Hamilton Lane’s quarterly revenue was up 34.3% on a year-over-year basis. As a group, equities analysts anticipate that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is currently 36.16%.

Hedge Funds Weigh In On Hamilton Lane

Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in shares of Hamilton Lane by 229.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company’s stock worth $191,321,000 after buying an additional 900,283 shares during the last quarter. Vanguard Group Inc. boosted its stake in Hamilton Lane by 28.4% in the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock valued at $577,681,000 after acquiring an additional 863,326 shares in the last quarter. Norges Bank purchased a new position in Hamilton Lane in the fourth quarter worth $68,909,000. Invesco Ltd. increased its position in shares of Hamilton Lane by 25.3% during the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company’s stock worth $284,738,000 after purchasing an additional 388,019 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new position in shares of Hamilton Lane during the fourth quarter worth $30,350,000. 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.