Hamilton Lane (NASDAQ:HLNE) PT Raised to $122.00

Hamilton Lane (NASDAQ:HLNE) had its price objective boosted by UBS Group from $120.00 to $122.00 in a research note released on Monday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods raised their target price on Hamilton Lane from $118.00 to $135.00 and gave the stock a market perform rating in a research report on Friday, May 24th. JPMorgan Chase & Co. raised their price objective on Hamilton Lane from $115.00 to $120.00 and gave the stock a neutral rating in a research report on Friday, May 24th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $114.29.

Hamilton Lane Price Performance

NASDAQ HLNE opened at $117.73 on Monday. Hamilton Lane has a 1 year low of $75.54 and a 1 year high of $130.97. The stock’s 50-day moving average price is $118.03 and its two-hundred day moving average price is $114.49. The company has a market cap of $6.36 billion, a PE ratio of 31.91 and a beta of 1.21. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.29.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Thursday, May 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.38. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. The business had revenue of $176.67 million for the quarter, compared to analyst estimates of $134.72 million. On average, analysts predict that Hamilton Lane will post 4.51 EPS for the current year.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.66%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, June 14th. Hamilton Lane’s dividend payout ratio (DPR) is currently 53.12%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of Hamilton Lane during the 4th quarter worth about $26,000. USA Financial Formulas bought a new position in Hamilton Lane during the fourth quarter valued at approximately $28,000. Covestor Ltd lifted its stake in Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after acquiring an additional 298 shares during the last quarter. GAMMA Investing LLC bought a new stake in Hamilton Lane in the fourth quarter worth approximately $48,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of Hamilton Lane by 345.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock worth $58,000 after purchasing an additional 394 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

About Hamilton Lane

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.