Hamilton Lane (NASDAQ:HLNE) Cut to “Sell” at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Hamilton Lane (NASDAQ:HLNE) from a neutral rating to a sell rating in a report issued on Monday, MarketBeat.com reports. The firm currently has $139.00 price target on the stock.

HLNE has been the subject of a number of other reports. Morgan Stanley raised their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Keefe, Bruyette & Woods dropped their price objective on Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating for the company in a research note on Friday, December 20th. Finally, UBS Group upped their target price on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, Hamilton Lane has an average rating of “Hold” and a consensus target price of $175.00.

Hamilton Lane Stock Up 0.5 %

Hamilton Lane stock opened at $147.93 on Monday. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 32.09 and a beta of 1.24. The firm has a 50 day simple moving average of $175.20 and a 200 day simple moving average of $159.29. Hamilton Lane has a 1-year low of $103.42 and a 1-year high of $203.72. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24.

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

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.32%. The ex-dividend date was Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.52%.

Hedge Funds Weigh In On Hamilton Lane

Several institutional investors have recently modified their holdings of HLNE. Quarry LP lifted its position in Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after buying an additional 234 shares during the last quarter. CWM LLC lifted its holdings in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. Icon Wealth Advisors LLC bought a new position in shares of Hamilton Lane during the 3rd quarter valued at $111,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Hamilton Lane in the 3rd quarter worth $127,000. 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.