Hamilton Lane (NASDAQ:HLNE) Reaches New 12-Month High Following Analyst Upgrade

Hamilton Lane Incorporated (NASDAQ:HLNE)’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.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in Hamilton Lane by 14.5% during the first quarter. Janney Montgomery Scott LLC now owns 4,522 shares of the company’s stock valued at $510,000 after purchasing an additional 571 shares in the last quarter. SG Americas Securities LLC acquired a new position in Hamilton Lane during the first quarter worth $538,000. Sei Investments Co. boosted its holdings in Hamilton Lane by 1.0% during the 1st quarter. Sei Investments Co. now owns 154,466 shares of the company’s stock valued at $17,418,000 after acquiring an additional 1,511 shares during the period. ProShare Advisors LLC lifted its position in shares of Hamilton Lane by 8.5% during the first quarter. ProShare Advisors LLC now owns 6,570 shares of the company’s stock worth $741,000 after purchasing an additional 517 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Hamilton Lane by 1.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 180,337 shares of the company’s stock valued at $20,335,000 after buying an additional 1,853 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

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) 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.