Hamilton Lane (NASDAQ:HLNE) Given New $120.00 Price Target at JPMorgan Chase & Co.

Hamilton Lane (NASDAQ:HLNE) had its price target increased by JPMorgan Chase & Co. from $115.00 to $120.00 in a research note published on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $118.00 to $135.00 and gave the stock a market perform rating in a report on Friday. Wells Fargo & Company raised their target price on Hamilton Lane from $106.00 to $111.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Finally, UBS Group raised their price objective on Hamilton Lane from $118.00 to $120.00 and gave the stock a neutral rating in a research report on Friday, April 12th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $114.00.

Hamilton Lane Stock Up 2.2 %

NASDAQ HLNE traded up $2.73 on Friday, hitting $126.95. The stock had a trading volume of 486,911 shares, compared to its average volume of 231,843. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 34.40 and a beta of 1.16. The business’s fifty day moving average price is $113.61 and its 200 day moving average price is $110.26. Hamilton Lane has a 52-week low of $62.86 and a 52-week high of $129.02.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Thursday, May 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.38. The firm had revenue of $176.67 million during the quarter, compared to analysts’ expectations of $134.72 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.00%. Equities research analysts anticipate that Hamilton Lane will post 4.37 earnings per share for the current year.

Hamilton Lane Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a $0.49 dividend. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, June 14th. Hamilton Lane’s dividend payout ratio is currently 48.24%.

Insider Buying and Selling at Hamilton Lane

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $108.00, for a total value of $5,940,000.00. Following the completion of the transaction, the insider now owns 480,015 shares of the company’s stock, valued at $51,841,620. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 26.82% of the stock is owned by insiders.

Institutional Trading of Hamilton Lane

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new stake in shares of Hamilton Lane in the fourth quarter worth approximately $26,000. USA Financial Formulas purchased a new position in Hamilton Lane in the fourth quarter valued at approximately $28,000. Covestor Ltd lifted its position in Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after buying an additional 298 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Hamilton Lane in the fourth quarter worth $48,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of Hamilton Lane by 345.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock valued at $58,000 after acquiring an additional 394 shares during the period. 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.