Hamilton Lane (NASDAQ:HLNE) Given New $171.00 Price Target at Oppenheimer

Hamilton Lane (NASDAQ:HLNE) had its price target trimmed by Oppenheimer from $230.00 to $171.00 in a research note published on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

HLNE has been the subject of a number of other research reports. Zacks Research lowered shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. UBS Group dropped their target price on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 20th. Morgan Stanley set a $159.00 target price on shares of Hamilton Lane in a report on Tuesday, January 27th. JPMorgan Chase & Co. upped their target price on shares of Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, BMO Capital Markets dropped their target price on shares of Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.63.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $99.07 on Monday. 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 company has a fifty day moving average of $107.61 and a two-hundred day moving average of $123.13. The stock has a market capitalization of $5.53 billion, a PE ratio of 17.79 and a beta of 1.33. Hamilton Lane has a fifty-two week low of $90.47 and a fifty-two week high of $179.19.

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

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders 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 dividend yield of 2.2%. Hamilton Lane’s dividend payout ratio is presently 38.78%.

Institutional Investors Weigh In On Hamilton Lane

Large investors have recently modified their holdings of the business. Millennium Management LLC grew its holdings in shares of Hamilton Lane by 418.8% in the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock valued at $142,946,000 after purchasing an additional 856,112 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Hamilton Lane by 148.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock valued at $145,844,000 after purchasing an additional 648,588 shares during the period. Norges Bank purchased a new stake in shares of Hamilton Lane in the fourth quarter valued at about $68,657,000. Balyasny Asset Management L.P. grew its holdings in shares of Hamilton Lane by 117.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 756,148 shares of the company’s stock valued at $101,558,000 after purchasing an additional 409,013 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Hamilton Lane in the fourth quarter valued at about $48,820,000. Hedge funds and other 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.