Wells Fargo & Company Increases Hamilton Lane (NASDAQ:HLNE) Price Target to $169.00

Hamilton Lane (NASDAQ:HLNE) had its target price boosted by Wells Fargo & Company from $163.00 to $169.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts have also recently commented on the company. UBS Group increased their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods decreased their target price on shares of Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Morgan Stanley boosted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $173.14.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $170.18 on Wednesday. Hamilton Lane has a 12 month low of $103.42 and a 12 month high of $203.72. The company’s fifty day simple moving average is $160.06 and its 200-day simple moving average is $162.80. The firm has a market cap of $9.43 billion, a PE ratio of 36.92 and a beta of 1.25. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. The firm had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. Equities research analysts expect that Hamilton Lane will post 4.88 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s payout ratio is presently 42.52%.

Institutional Trading of Hamilton Lane

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bridges Investment Management Inc. raised its holdings in Hamilton Lane by 70.0% in the 4th quarter. Bridges Investment Management Inc. now owns 5,607 shares of the company’s stock valued at $830,000 after acquiring an additional 2,309 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Hamilton Lane by 0.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 22,064 shares of the company’s stock worth $3,267,000 after purchasing an additional 160 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Hamilton Lane by 2.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,541 shares of the company’s stock worth $1,264,000 after purchasing an additional 241 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in Hamilton Lane in the 4th quarter valued at $590,000. Finally, Los Angeles Capital Management LLC boosted its stake in Hamilton Lane by 24.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 26,275 shares of the company’s stock valued at $3,890,000 after purchasing an additional 5,160 shares during the period. Institutional investors own 97.40% of the company’s stock.

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.