Morgan Stanley Boosts Hamilton Lane (NASDAQ:HLNE) Price Target to $182.00

Hamilton Lane (NASDAQ:HLNE) had its target price increased by Morgan Stanley from $140.00 to $182.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other brokerages have also commented on HLNE. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a market perform rating in a research report on Wednesday, August 7th. Wells Fargo & Company upped their price objective on Hamilton Lane from $156.00 to $170.00 and gave the company an equal weight rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on Hamilton Lane from $139.00 to $147.00 and gave the stock a neutral rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a neutral rating in a report on Wednesday, August 7th. Finally, UBS Group upped their price objective on shares of Hamilton Lane from $122.00 to $150.00 and gave the company a neutral rating in a research note on Wednesday, August 21st. Seven analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of Hold and an average price target of $154.67.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $174.74 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. Hamilton Lane has a one year low of $78.66 and a one year high of $177.62. The company has a market cap of $9.44 billion, a PE ratio of 47.36 and a beta of 1.19. The business has a 50-day simple moving average of $153.87 and a 200-day simple moving average of $133.28.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The company had revenue of $196.73 million for the quarter, compared to analyst estimates of $149.84 million. During the same period in the prior year, the firm posted $0.94 earnings per share. On average, equities research analysts forecast that Hamilton Lane will post 4.88 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were given a $0.49 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.12%. Hamilton Lane’s payout ratio is currently 53.12%.

Institutional Trading of Hamilton Lane

Several hedge funds have recently added to or reduced their stakes in HLNE. Covestor Ltd increased its stake in shares of Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after acquiring an additional 298 shares during the period. Quarry LP boosted its position in shares of Hamilton Lane by 316.2% during the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after purchasing an additional 73 shares in the last quarter. CWM LLC boosted its holdings in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after buying an additional 100 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Hamilton Lane by 106.5% during the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after acquiring an additional 358 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Company Profile

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.