Hamilton Lane (NASDAQ:HLNE) Upgraded by JPMorgan Chase & Co. to “Overweight” Rating

JPMorgan Chase & Co. upgraded shares of Hamilton Lane (NASDAQ:HLNE) from a neutral rating to an overweight rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have $166.00 target price on the stock.

A number of other analysts have also recently issued reports on HLNE. BMO Capital Markets decreased their target price on Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Morgan Stanley set a $159.00 price target on Hamilton Lane in a report on Tuesday, January 27th. Zacks Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, UBS Group dropped their price target on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.63.

Hamilton Lane Stock Down 0.9%

HLNE opened at $104.17 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 18.70 and a beta of 1.33. The business has a 50-day moving average of $105.65 and a two-hundred day moving average of $122.60. Hamilton Lane has a 12 month low of $90.47 and a 12 month high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, beating the consensus estimate 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 return on equity of 27.82% and a net margin of 30.59%.The firm’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 EPS. On average, research analysts expect that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 20th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, March 20th. Hamilton Lane’s dividend payout ratio is presently 38.78%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP grew its stake in Hamilton Lane by 2,557.1% during the 3rd quarter. Quarry LP now owns 186 shares of the company’s stock worth $25,000 after buying an additional 179 shares during the last quarter. Advisory Services Network LLC bought a new position in Hamilton Lane during the 3rd quarter worth $26,000. Cornerstone Planning Group LLC grew its stake in Hamilton Lane by 347.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock worth $27,000 after buying an additional 153 shares during the last quarter. Hantz Financial Services Inc. grew its stake in Hamilton Lane by 80.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after buying an additional 95 shares during the last quarter. Finally, First Horizon Corp bought a new position in Hamilton Lane during the 3rd quarter worth $31,000. 97.40% of the stock is currently owned by 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.