Hamilton Lane (NASDAQ:HLNE) Hits New 12-Month High After Analyst Upgrade

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) reached a new 52-week high during trading on Tuesday after Morgan Stanley raised their price target on the stock from $182.00 to $190.00. Morgan Stanley currently has an equal weight rating on the stock. Hamilton Lane traded as high as $203.36 and last traded at $202.60, with a volume of 12142 shares changing hands. The stock had previously closed at $201.62.

Other analysts have also recently issued reports about the stock. The Goldman Sachs Group lifted their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Wells Fargo & Company lifted 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. UBS Group increased their target price on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $180.33.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Hamilton Lane by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock worth $414,801,000 after purchasing an additional 283,190 shares during the period. American Century Companies Inc. boosted its holdings in Hamilton Lane by 30.3% in the second quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock valued at $71,772,000 after purchasing an additional 135,040 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Hamilton Lane during the first quarter worth approximately $11,445,000. Principal Financial Group Inc. raised its holdings in Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after acquiring an additional 97,924 shares in the last quarter. Finally, Capital World Investors acquired a new stake in Hamilton Lane in the first quarter valued at $9,724,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Up 0.7 %

The stock’s 50 day simple moving average is $170.21 and its 200 day simple moving average is $143.61. The stock has a market capitalization of $11.00 billion, a P/E ratio of 43.74 and a beta of 1.18. The company has a current ratio of 3.37, a quick ratio of 2.72 and a debt-to-equity ratio of 0.24.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly 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 business had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 earnings per share. As a group, research analysts predict that Hamilton Lane Incorporated will post 4.89 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.97%. Hamilton Lane’s dividend payout ratio (DPR) is 42.52%.

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.