Hamilton Lane (NASDAQ:HLNE) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Hamilton Lane (NASDAQ:HLNE) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on HLNE. BMO Capital Markets dropped their price objective on shares of Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a research note on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Morgan Stanley set a $159.00 price objective on shares of Hamilton Lane in a research note on Tuesday, January 27th. Finally, Oppenheimer increased 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, February 4th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $165.00.

Hamilton Lane Trading Up 0.6%

Shares of HLNE stock opened at $97.11 on Monday. Hamilton Lane has a 52-week low of $90.47 and a 52-week high of $179.19. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 17.43 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27. The firm has a fifty day moving average of $110.39 and a 200-day moving average of $124.33.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The company had revenue of $198.59 million during the quarter, compared to analysts’ expectations of $195.36 million. During the same quarter in the prior year, the company posted $1.25 EPS. The business’s revenue was up 18.0% on a year-over-year basis. On average, equities research analysts forecast that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 20th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $2.16 dividend on an annualized basis and a yield of 2.2%. Hamilton Lane’s dividend payout ratio is currently 38.78%.

Institutional Investors Weigh In On Hamilton Lane

Hedge funds have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership boosted its stake in shares of Hamilton Lane by 24.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 318,111 shares of the company’s stock valued at $42,878,000 after purchasing an additional 63,220 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Hamilton Lane by 33.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company’s stock valued at $187,140,000 after purchasing an additional 350,437 shares during the last quarter. Elo Mutual Pension Insurance Co bought a new position in shares of Hamilton Lane in the 3rd quarter valued at about $1,528,000. SG Americas Securities LLC boosted its stake in shares of Hamilton Lane by 541.8% in the 4th quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock valued at $9,632,000 after purchasing an additional 60,542 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Hamilton Lane by 53.2% in the 3rd quarter. Bessemer Group Inc. now owns 202,998 shares of the company’s stock valued at $27,363,000 after purchasing an additional 70,493 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

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.