Hamilton Lane (NASDAQ:HLNE) Hits New 52-Week High After Analyst Upgrade

Hamilton Lane Incorporated (NASDAQ:HLNE) shares hit 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. The stock had previously closed at $201.62.

HLNE has been the subject of several other reports. Keefe, Bruyette & Woods raised 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. JPMorgan Chase & Co. boosted their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their target price on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. UBS Group increased their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group raised their price objective on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $180.33.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors have recently made changes to their positions in HLNE. Vanguard Group Inc. raised its position in Hamilton Lane by 8.3% during the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after purchasing an additional 283,190 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake 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 in the last quarter. Copeland Capital Management LLC grew its position in Hamilton Lane by 0.8% during the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock valued at $145,388,000 after acquiring an additional 7,106 shares during the last quarter. Fred Alger Management LLC raised its stake in shares of Hamilton Lane by 10.5% during the second quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock worth $84,964,000 after acquiring an additional 65,151 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Hamilton Lane by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company’s stock worth $72,943,000 after acquiring an additional 37,680 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Down 2.3 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.72 and a current ratio of 3.37. The stock’s 50 day moving average price is $171.18 and its 200-day moving average price is $144.19. The company has a market cap of $10.67 billion, a PE ratio of 42.71 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The business had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. During the same period in the previous year, the firm earned $0.89 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts predict that Hamilton Lane Incorporated will post 4.89 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s payout ratio 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.