Wells Fargo & Company Issues Positive Forecast for Hamilton Lane (NASDAQ:HLNE) Stock Price

Hamilton Lane (NASDAQ:HLNE) had its target price hoisted by Wells Fargo & Company from $189.00 to $194.00 in a research note published on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts also recently issued reports about the company. UBS Group boosted their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley increased their price target on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. The Goldman Sachs Group boosted their price objective on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and an average price target of $184.33.

Hamilton Lane Trading Down 1.6 %

NASDAQ:HLNE opened at $171.23 on Thursday. The company has a market cap of $9.49 billion, a PE ratio of 37.14 and a beta of 1.19. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $184.68 and a two-hundred day simple moving average of $154.88. Hamilton Lane has a 12 month low of $103.42 and a 12 month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $151.55 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. Hamilton Lane’s revenue was up 18.2% compared to the same quarter last year. Research analysts forecast that Hamilton Lane will post 4.87 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s payout ratio is 42.52%.

Institutional Trading of Hamilton Lane

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its position in Hamilton Lane by 31.1% in the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after acquiring an additional 413,015 shares in the last quarter. State Street Corp increased its position in shares of Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after purchasing an additional 489,557 shares during the last quarter. Geode Capital Management LLC raised its holdings in Hamilton Lane by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after buying an additional 25,657 shares during the period. Van Berkom & Associates Inc. lifted its position in Hamilton Lane by 2.0% in the second quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company’s stock worth $110,334,000 after buying an additional 17,272 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its stake in Hamilton Lane by 0.8% during the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock worth $145,388,000 after buying an additional 7,106 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.