Hamilton Lane (NASDAQ:HLNE) Price Target Lowered to $147.00 at Wells Fargo & Company

Hamilton Lane (NASDAQ:HLNE) had its price objective trimmed by Wells Fargo & Company from $152.00 to $147.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the company. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $170.00.

Hamilton Lane Stock Down 5.6 %

Shares of Hamilton Lane stock opened at $126.65 on Tuesday. Hamilton Lane has a twelve month low of $108.34 and a twelve month high of $203.72. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $151.06 and its 200 day moving average is $164.10. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 23.37 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. During the same period in the prior year, the firm earned $0.71 EPS. The company’s revenue was up 34.3% compared to the same quarter last year. Research analysts anticipate that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Friday, March 14th. Hamilton Lane’s dividend payout ratio is currently 36.16%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Hamilton Lane by 239.9% during the third quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after buying an additional 3,922 shares during the last quarter. Retirement Systems of Alabama bought a new stake in Hamilton Lane in the 3rd quarter valued at $8,291,000. Teachers Retirement System of The State of Kentucky increased its holdings in Hamilton Lane by 41.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock valued at $3,522,000 after acquiring an additional 6,178 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Hamilton Lane by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after purchasing an additional 25,657 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Hamilton Lane by 9.2% during the third quarter. Franklin Resources Inc. now owns 184,836 shares of the company’s stock valued at $32,746,000 after purchasing an additional 15,554 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.