Hamilton Lane Incorporated (NASDAQ:HLNE – Get Free Report)’s share price reached a new 52-week high 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 traded. The stock had previously closed at $201.62.
A number of other research analysts also recently issued reports on the company. Wells Fargo & Company upped their price target on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. UBS Group raised their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $180.33.
View Our Latest Stock Report on Hamilton Lane
Institutional Investors Weigh In On Hamilton Lane
Hamilton Lane Price Performance
The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 2.72. The stock has a market capitalization of $10.67 billion, a PE ratio of 42.71 and a beta of 1.18. The stock’s 50 day moving average is $171.18 and its two-hundred day moving average is $144.19.
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. Hamilton Lane’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. As a group, sell-side analysts forecast that Hamilton Lane Incorporated will post 4.89 earnings per share for the current fiscal year.
Hamilton Lane Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.00%. Hamilton Lane’s dividend payout ratio is currently 42.52%.
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.
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