Hamilton Lane (NASDAQ:HLNE) Price Target Raised to $72.00 at Keefe, Bruyette & Woods

Hamilton Lane (NASDAQ:HLNE) had its price objective increased by Keefe, Bruyette & Woods from $56.00 to $72.00 in a research note released on Friday morning, The Fly reports. They currently have an outperform rating on the stock. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Co boosted their price target on Hamilton Lane from $60.00 to $66.00 and gave the stock an equal weight rating in a research note on Wednesday, May 13th. ValuEngine upgraded Hamilton Lane from a sell rating to a hold rating in a research report on Thursday, February 6th. Zacks Investment Research downgraded Hamilton Lane from a hold rating to a sell rating in a research report on Wednesday, April 8th. Oppenheimer restated a hold rating on shares of Hamilton Lane in a research report on Thursday, May 28th. Finally, BidaskClub upgraded Hamilton Lane from a buy rating to a strong-buy rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $70.75.

Shares of NASDAQ:HLNE opened at $75.07 on Friday. The business’s 50 day simple moving average is $63.01 and its 200-day simple moving average is $61.17. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 35.08 and a beta of 0.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.07 and a quick ratio of 3.07. Hamilton Lane has a 12 month low of $36.27 and a 12 month high of $76.31.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.10. The business had revenue of $76.93 million for the quarter, compared to analyst estimates of $71.70 million. Hamilton Lane had a return on equity of 51.34% and a net margin of 22.19%. During the same quarter in the previous year, the company earned $0.36 EPS. On average, equities analysts anticipate that Hamilton Lane will post 2.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 15th will be issued a $0.3125 dividend. The ex-dividend date is Friday, June 12th. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.28. This represents a $1.25 annualized dividend and a yield of 1.67%. Hamilton Lane’s payout ratio is 54.73%.

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in shares of Hamilton Lane by 45.9% during the 1st quarter. Wellington Management Group LLP now owns 2,427,029 shares of the company’s stock worth $134,240,000 after buying an additional 763,974 shares during the last quarter. Wasatch Advisors Inc. increased its holdings in shares of Hamilton Lane by 13.6% during the 1st quarter. Wasatch Advisors Inc. now owns 2,184,025 shares of the company’s stock worth $120,798,000 after buying an additional 261,690 shares during the last quarter. Creative Planning acquired a new stake in shares of Hamilton Lane during the 1st quarter worth $10,791,000. Fred Alger Management LLC increased its holdings in shares of Hamilton Lane by 19.4% during the 4th quarter. Fred Alger Management LLC now owns 811,396 shares of the company’s stock worth $48,359,000 after buying an additional 132,090 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Hamilton Lane by 8.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,039,144 shares of the company’s stock worth $61,933,000 after buying an additional 80,057 shares during the last quarter. Institutional investors own 52.74% of the company’s stock.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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Analyst Recommendations for Hamilton Lane (NASDAQ:HLNE)

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