Hamilton Lane (NASDAQ:HLNE) Price Target Raised to $170.00
by Doug Wharley · The Cerbat GemHamilton Lane (NASDAQ:HLNE – Free Report) had its target price raised by Keefe, Bruyette & Woods from $161.00 to $170.00 in a report released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.
HLNE has been the subject of a number of other research reports. UBS Group began coverage on shares of Hamilton Lane in a report on Thursday, December 11th. They issued a “buy” rating and a $166.00 price target on the stock. Morgan Stanley cut their price objective on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. BMO Capital Markets initiated coverage on Hamilton Lane in a report on Friday, October 3rd. They set an “outperform” rating and a $150.00 target price on the stock. Finally, Zacks Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $161.63.
Read Our Latest Stock Analysis on Hamilton Lane
Hamilton Lane Stock Up 1.1%
HLNE opened at $148.25 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.49 and a current ratio of 3.49. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 26.86 and a beta of 1.30. Hamilton Lane has a one year low of $111.98 and a one year high of $179.19. The business’s fifty day moving average is $130.82 and its two-hundred day moving average is $138.74.
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.46. Hamilton Lane had a return on equity of 29.43% and a net margin of 31.12%.The business had revenue of $190.88 million during the quarter, compared to the consensus estimate of $171.86 million. Analysts anticipate that Hamilton Lane will post 4.97 EPS for the current fiscal year.
Hamilton Lane Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Friday, December 19th were issued a $0.54 dividend. The ex-dividend date was Friday, December 19th. This represents a $2.16 annualized dividend and a yield of 1.5%. Hamilton Lane’s payout ratio is 39.13%.
Insider Activity
In other Hamilton Lane news, CEO Juan Delgado-Moreira acquired 8,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the completion of the acquisition, the chief executive officer directly owned 1,314,447 shares of the company’s stock, valued at $171,338,166.45. This trade represents a 0.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 22.21% of the stock is owned by company insiders.
Hedge Funds Weigh In On Hamilton Lane
Large investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in Hamilton Lane by 7.3% in the 3rd quarter. Invesco Ltd. now owns 1,534,836 shares of the company’s stock valued at $206,880,000 after buying an additional 104,977 shares during the period. Champlain Investment Partners LLC lifted its holdings in shares of Hamilton Lane by 33.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company’s stock worth $187,140,000 after acquiring an additional 350,437 shares during the period. Millennium Management LLC boosted its position in shares of Hamilton Lane by 418.8% in the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock worth $142,946,000 after acquiring an additional 856,112 shares during the last quarter. Van Berkom & Associates Inc. grew its holdings in Hamilton Lane by 0.8% in the third quarter. Van Berkom & Associates Inc. now owns 686,204 shares of the company’s stock valued at $92,493,000 after purchasing an additional 5,130 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Hamilton Lane by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 665,043 shares of the company’s stock valued at $89,649,000 after purchasing an additional 25,375 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.
Hamilton Lane Company Profile
Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.
Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.
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