Hamilton Lane (NASDAQ:HLNE) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Hamilton Lane (NASDAQ:HLNE) from a sell rating to a hold rating in a research report sent to investors on Friday.

Other analysts have also issued reports about the company. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $160.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group upgraded Hamilton Lane from a “sell” rating to a “neutral” rating and boosted their target price for the company from $149.00 to $162.00 in a research note on Thursday, September 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $164.38.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $127.60 on Friday. The business’s fifty day simple moving average is $149.42 and its 200 day simple moving average is $150.10. The firm has a market capitalization of $7.10 billion, a P/E ratio of 24.54 and a beta of 1.20. Hamilton Lane has a 12 month low of $124.10 and a 12 month high of $203.72. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.33. The business had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.Hamilton Lane’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $1.47 earnings per share. As a group, analysts anticipate that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, September 19th. Hamilton Lane’s payout ratio is presently 41.54%.

Insider Activity

In related news, major shareholder River 5 Ltd French sold 150,000 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the sale, the insider directly owned 330,015 shares in the company, valued at approximately $48,350,497.65. The trade was a 31.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 22.21% of the company’s stock.

Hedge Funds Weigh In On Hamilton Lane

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC purchased a new position in Hamilton Lane during the second quarter worth about $206,000. Osaic Holdings Inc. grew its position in Hamilton Lane by 802.0% during the second quarter. Osaic Holdings Inc. now owns 5,782 shares of the company’s stock worth $825,000 after buying an additional 5,141 shares in the last quarter. Squarepoint Ops LLC grew its position in Hamilton Lane by 54.7% during the second quarter. Squarepoint Ops LLC now owns 20,695 shares of the company’s stock worth $2,941,000 after buying an additional 7,314 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in Hamilton Lane during the second quarter worth about $671,000. Finally, Caxton Associates LLP purchased a new position in Hamilton Lane during the second quarter worth about $1,180,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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.