UBS Group Boosts Hamilton Lane (NASDAQ:HLNE) Price Target to $185.00

Hamilton Lane (NASDAQ:HLNE) had its target price lifted by UBS Group from $150.00 to $185.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the stock. Morgan Stanley upped their target price on shares of Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $160.50.

Hamilton Lane Stock Up 1.3 %

Shares of NASDAQ HLNE opened at $177.93 on Tuesday. The firm’s 50-day moving average price is $161.51 and its 200-day moving average price is $137.13. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 48.22 and a beta of 1.19. Hamilton Lane has a 12-month low of $79.13 and a 12-month high of $181.96.

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

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were paid a $0.49 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.10%. Hamilton Lane’s dividend payout ratio is currently 53.12%.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd grew its stake in Hamilton Lane by 14,900.0% in the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after acquiring an additional 298 shares in the last quarter. Quarry LP lifted its position in shares of Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares during the period. Signaturefd LLC lifted its position 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 during the period. CWM LLC lifted its position in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Hamilton Lane by 106.5% in the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after purchasing an additional 358 shares during the period. 97.40% of the stock is currently owned by institutional investors.

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.