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

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

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

Hedge Funds Weigh In On Hamilton Lane

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake 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 buying an additional 283,190 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in Hamilton Lane by 2.0% during the second quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company’s stock valued at $110,334,000 after purchasing an additional 17,272 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in Hamilton Lane by 0.8% during the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock worth $145,388,000 after buying an additional 7,106 shares in the last quarter. Fred Alger Management LLC grew its position in Hamilton Lane by 10.5% in the second quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock worth $84,964,000 after buying an additional 65,151 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Hamilton Lane by 6.8% in the second quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company’s stock valued at $72,943,000 after buying an additional 37,680 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Price Performance

The business has a 50-day moving average price of $170.21 and a 200 day moving average price of $143.61. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 43.74 and a beta of 1.18. The company has a current ratio of 3.37, a quick ratio of 2.72 and a debt-to-equity ratio of 0.24.

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

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a $0.49 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 0.97%. Hamilton Lane’s dividend payout ratio (DPR) is presently 42.52%.

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.