Hamilton Lane (NASDAQ:HLNE) Price Target Cut to $161.00 by Analysts at Wells Fargo & Company

Hamilton Lane (NASDAQ:HLNE) had its price objective cut by Wells Fargo & Company from $166.00 to $161.00 in a report released on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also recently weighed in on HLNE. Oppenheimer cut Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Morgan Stanley cut their price objective on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Finally, Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $166.14.

Hamilton Lane Price Performance

NASDAQ HLNE opened at $149.77 on Friday. Hamilton Lane has a twelve month low of $114.85 and a twelve month high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a market capitalization of $8.30 billion, a PE ratio of 27.63 and a beta of 1.31. The stock has a 50-day simple moving average of $152.75 and a 200 day simple moving average of $158.35.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $197.97 million during the quarter, compared to analysts’ expectations of $165.49 million. During the same quarter in the previous year, the firm earned $1.38 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Research analysts anticipate that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.44%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, June 20th. Hamilton Lane’s payout ratio is currently 36.16%.

Hedge Funds Weigh In On Hamilton Lane

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLNE. MassMutual Private Wealth & Trust FSB grew its stake in shares of Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock valued at $26,000 after purchasing an additional 126 shares during the period. WPG Advisers LLC bought a new stake in shares of Hamilton Lane in the 1st quarter valued at approximately $26,000. Versant Capital Management Inc bought a new stake in shares of Hamilton Lane in the 1st quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Hamilton Lane in the 1st quarter valued at approximately $33,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after purchasing an additional 61 shares during the period. 97.40% of the stock is currently owned by institutional investors.

About Hamilton Lane

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.