Hamilton Lane (NASDAQ:HLNE) Price Target Cut to $118.00 by Analysts at BMO Capital Markets

Hamilton Lane (NASDAQ:HLNE) had its price target lowered by BMO Capital Markets from $148.00 to $118.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on HLNE. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. boosted their price target 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. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday, January 22nd. UBS Group dropped their price objective on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Oppenheimer lifted their price objective on shares of Hamilton Lane from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s 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 Stock Performance

Shares of Hamilton Lane stock opened at $99.55 on Tuesday. Hamilton Lane has a one year low of $92.77 and a one year high of $179.19. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 17.87 and a beta of 1.32. The business has a 50-day simple moving average of $122.20 and a 200 day simple moving average of $128.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27.

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

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $2.16 annualized dividend and a dividend yield of 2.2%. Hamilton Lane’s payout ratio is presently 38.78%.

Institutional Investors Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently bought and sold shares of HLNE. Rockefeller Capital Management L.P. boosted its holdings in Hamilton Lane by 152.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,368 shares of the company’s stock worth $318,000 after acquiring an additional 1,429 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Hamilton Lane by 12.5% in the fourth quarter. Pacer Advisors Inc. now owns 5,995 shares of the company’s stock valued at $805,000 after purchasing an additional 665 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Hamilton Lane in the fourth quarter valued at about $279,000. Fuller & Thaler Asset Management Inc. lifted its position in shares of Hamilton Lane by 39.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 60,401 shares of the company’s stock valued at $8,113,000 after purchasing an additional 17,002 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Hamilton Lane by 2.8% during the fourth quarter. Empowered Funds LLC now owns 20,992 shares of the company’s stock valued at $2,819,000 after purchasing an additional 571 shares in the last quarter. 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.