Hamilton Lane (NASDAQ:HLNE) Price Target Lowered to $155.00 at Keefe, Bruyette & Woods

Hamilton Lane (NASDAQ:HLNE) had its price target lowered by Keefe, Bruyette & Woods from $162.00 to $155.00 in a report published on Monday,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other equities analysts have also weighed in on the stock. Oppenheimer lowered shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Morgan Stanley lowered their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their price objective on shares of Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company lowered their price objective on shares of Hamilton Lane from $166.00 to $161.00 and set an “equal weight” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $164.29.

Hamilton Lane Stock Performance

Shares of HLNE opened at $148.96 on Monday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The firm has a market cap of $8.26 billion, a PE ratio of 27.48 and a beta of 1.31. The company’s 50 day simple moving average is $152.65 and its 200-day simple moving average is $157.58. Hamilton Lane has a 12-month low of $114.85 and a 12-month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $197.97 million for the quarter, compared to analyst estimates of $165.49 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $1.38 earnings per share. As a group, equities analysts predict that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.16 dividend on an annualized basis and a yield of 1.45%. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.49. Hamilton Lane’s dividend payout ratio (DPR) is 40.07%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock worth $26,000 after buying an additional 126 shares during the last quarter. WPG Advisers LLC purchased a new stake in Hamilton Lane during the 1st quarter worth about $26,000. Versant Capital Management Inc purchased a new stake in Hamilton Lane during the 1st quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Hamilton Lane during the 1st quarter worth about $33,000. Finally, CBIZ Investment Advisory Services LLC increased its position in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares in the last quarter. 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.