Hamilton Lane (NASDAQ:HLNE) Upgraded at Zacks Research

Zacks Research upgraded shares of Hamilton Lane (NASDAQ:HLNE) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

A number of other research firms have also weighed in on HLNE. JPMorgan Chase & Co. raised their price objective on Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a research report on Wednesday. Wall Street Zen upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. The Goldman Sachs Group raised Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Thursday, November 6th. Morgan Stanley set a $159.00 price objective on shares of Hamilton Lane in a research report on Tuesday, January 27th. Finally, Oppenheimer raised their price objective on shares of Hamilton Lane from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.25.

Hamilton Lane Price Performance

Shares of HLNE opened at $131.72 on Wednesday. Hamilton Lane has a fifty-two week low of $111.98 and a fifty-two week high of $179.19. The firm’s 50-day simple moving average is $138.94 and its two-hundred day simple moving average is $138.48. The stock has a market cap of $7.35 billion, a PE ratio of 23.65 and a beta of 1.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.49 and a current ratio of 3.27.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.27. The firm had revenue of $198.59 million during the quarter, compared to analyst estimates of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The business’s revenue was up 18.0% on a year-over-year basis. During the same period last year, the business earned $1.25 earnings per share. 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 declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 20th. Hamilton Lane’s dividend payout ratio (DPR) is presently 38.78%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HLNE. IFP Advisors Inc raised its stake in Hamilton Lane by 8.6% during the 2nd quarter. IFP Advisors Inc now owns 1,011 shares of the company’s stock valued at $144,000 after buying an additional 80 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Hamilton Lane by 27.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company’s stock valued at $61,000 after acquiring an additional 90 shares during the period. Hantz Financial Services Inc. lifted its holdings in Hamilton Lane by 80.5% in the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after acquiring an additional 95 shares during the period. Vista Finance LLC boosted its position in Hamilton Lane by 4.1% in the second quarter. Vista Finance LLC now owns 2,568 shares of the company’s stock worth $365,000 after purchasing an additional 100 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its stake in shares of Hamilton Lane by 1.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company’s stock valued at $1,198,000 after purchasing an additional 100 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.