UBS Group Boosts Hamilton Lane (NASDAQ:HLNE) Price Target to $185.00

Hamilton Lane (NASDAQ:HLNE) had its price target boosted by UBS Group from $150.00 to $185.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company raised their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Morgan Stanley raised their price target on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. The Goldman Sachs Group raised their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and an average target price of $160.50.

Hamilton Lane Trading Up 1.3 %

NASDAQ:HLNE opened at $177.93 on Tuesday. Hamilton Lane has a 52 week low of $79.13 and a 52 week high of $181.96. The firm has a 50 day moving average of $161.51 and a 200 day moving average of $137.13. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 48.22 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The company had revenue of $196.73 million during the quarter, compared to analysts’ expectations of $149.84 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, sell-side analysts anticipate that Hamilton Lane will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.10%. Hamilton Lane’s payout ratio is currently 53.12%.

Institutional Trading of Hamilton Lane

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd increased its stake in shares of Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after acquiring an additional 298 shares during the period. Quarry LP grew its position in Hamilton Lane by 316.2% during the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 234 shares during the period. CWM LLC grew its position in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares during the period. Signaturefd LLC grew its position in Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after buying an additional 73 shares during the period. Finally, GAMMA Investing LLC grew its position in Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds 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.