Hamilton Lane (NASDAQ:HLNE) Given New $120.00 Price Target at UBS Group

Hamilton Lane (NASDAQ:HLNE) had its price target raised by UBS Group from $118.00 to $120.00 in a research note released on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms also recently issued reports on HLNE. JPMorgan Chase & Co. downgraded Hamilton Lane from an overweight rating to a neutral rating and set a $115.00 target price on the stock. in a research report on Thursday, April 11th. Wells Fargo & Company lifted their target price on Hamilton Lane from $106.00 to $111.00 and gave the company an equal weight rating in a research report on Wednesday, February 7th. Morgan Stanley lifted their target price on Hamilton Lane from $102.00 to $126.00 and gave the company an equal weight rating in a research report on Wednesday, January 24th. Finally, Oppenheimer downgraded Hamilton Lane from an outperform rating to a market perform rating in a research report on Thursday, January 11th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hamilton Lane presently has an average rating of Hold and a consensus target price of $109.67.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $110.19 on Friday. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 33.90 and a beta of 1.18. The stock’s 50-day moving average is $112.40 and its 200-day moving average is $104.53. Hamilton Lane has a one year low of $62.86 and a one year high of $121.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.17). The firm had revenue of $125.26 million during the quarter, compared to the consensus estimate of $130.47 million. Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. Equities analysts predict that Hamilton Lane will post 3.55 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 54.77%.

Insiders Place Their Bets

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $108.00, for a total value of $5,940,000.00. Following the transaction, the insider now owns 480,015 shares of the company’s stock, valued at $51,841,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 26.82% of the company’s stock.

Hedge Funds Weigh In On Hamilton Lane

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its position in shares of Hamilton Lane by 228.5% in the third quarter. FMR LLC now owns 61,672 shares of the company’s stock valued at $5,578,000 after purchasing an additional 42,898 shares during the last quarter. Barclays PLC increased its stake in Hamilton Lane by 28.3% during the 3rd quarter. Barclays PLC now owns 95,815 shares of the company’s stock worth $8,665,000 after acquiring an additional 21,123 shares during the period. Mackenzie Financial Corp bought a new position in Hamilton Lane during the 3rd quarter worth $803,000. Ziegler Capital Management LLC bought a new position in Hamilton Lane during the 3rd quarter worth $202,000. Finally, NBC Securities Inc. bought a new position in Hamilton Lane during the 3rd quarter worth $827,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.