Hamilton Lane (NASDAQ:HLNE) Upgraded by Oppenheimer to Outperform Rating

Oppenheimer upgraded shares of Hamilton Lane (NASDAQ:HLNE) from a market perform rating to an outperform rating in a report released on Tuesday, Marketbeat Ratings reports. Oppenheimer currently has $186.00 price target on the stock.

HLNE has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley raised their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods cut their target price on shares of Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. UBS Group lifted their price objective 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, Wells Fargo & Company cut their price objective on shares of Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $170.86.

Hamilton Lane Trading Up 4.6 %

Shares of HLNE opened at $157.13 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 34.08 and a beta of 1.24. The company has a 50-day moving average of $167.71 and a 200 day moving average of $161.06. Hamilton Lane has a 1-year low of $103.42 and a 1-year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. On average, research analysts expect that Hamilton Lane will post 4.88 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Monday, December 16th. Hamilton Lane’s payout ratio is currently 42.52%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP boosted its stake in 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 in the last quarter. CWM LLC boosted its stake in 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 in the last quarter. GAMMA Investing LLC boosted its stake in Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after purchasing an additional 156 shares in the last quarter. Icon Wealth Advisors LLC acquired a new stake in Hamilton Lane in the 3rd quarter worth approximately $111,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Hamilton Lane in the 3rd quarter worth approximately $127,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.