Wells Fargo & Company Boosts Hamilton Lane (NASDAQ:HLNE) Price Target to $170.00

Hamilton Lane (NASDAQ:HLNE) had its price target boosted by Wells Fargo & Company from $156.00 to $170.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also recently weighed in on HLNE. JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $120.00 to $134.00 and gave the company a neutral rating in a research note on Wednesday, August 7th. UBS Group boosted their target price on Hamilton Lane from $122.00 to $150.00 and gave the stock a neutral rating in a research note on Wednesday, August 21st. The Goldman Sachs Group boosted their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a neutral rating in a research note on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $135.00 to $145.00 and gave the stock a market perform rating in a research note on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $154.67.

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $174.74 on Wednesday. Hamilton Lane has a 52 week low of $78.66 and a 52 week high of $177.62. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is $153.87 and its two-hundred day moving average is $133.13. The company has a market capitalization of $9.44 billion, a P/E ratio of 47.36 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The business had revenue of $196.73 million during the quarter, compared to analysts’ expectations of $149.84 million. During the same period in the previous year, the firm posted $0.94 earnings per share. Equities analysts expect that Hamilton Lane will post 4.88 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were given a dividend of $0.49 per share. The ex-dividend date was Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.12%. Hamilton Lane’s payout ratio is 53.12%.

Institutional Trading of Hamilton Lane

A number of hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after acquiring an additional 73 shares during the period. EFG Asset Management North America Corp. lifted its holdings in shares of Hamilton Lane by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock valued at $2,125,000 after buying an additional 81 shares during the period. CWM LLC lifted its holdings in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after buying an additional 156 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Hamilton Lane by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 55,451 shares of the company’s stock valued at $6,853,000 after buying an additional 208 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

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.