Hamilton Lane (NASDAQ:HLNE) Price Target Lowered to $163.00 at Wells Fargo & Company

Hamilton Lane (NASDAQ:HLNE) had its target price reduced by Wells Fargo & Company from $194.00 to $163.00 in a report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

HLNE has been the topic of several other research reports. UBS Group raised their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating on the stock in a report on Monday. JPMorgan Chase & Co. increased their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a report on Monday, January 6th. Finally, Morgan Stanley increased their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $168.33.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $141.14 on Tuesday. Hamilton Lane has a 52 week low of $103.42 and a 52 week high of $203.72. The firm has a 50 day moving average of $172.95 and a two-hundred day moving average of $160.08. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $7.82 billion, a PE ratio of 30.62 and a beta of 1.24.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. Hamilton Lane’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. On average, research analysts predict that Hamilton Lane will post 4.87 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.52%.

Institutional Trading of Hamilton Lane

A number of large investors have recently made changes to their positions in HLNE. Quarry LP lifted its stake in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 234 shares during the last quarter. CWM LLC raised its position in Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC raised its position in Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after purchasing an additional 156 shares during the last quarter. Icon Wealth Advisors LLC acquired a new stake in Hamilton Lane during the 3rd quarter worth $111,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Hamilton Lane during the 3rd quarter worth $127,000. 97.40% of the stock is owned by institutional investors and hedge funds.

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.