Hamilton Lane (NASDAQ:HLNE) Price Target Raised to $161.00

Hamilton Lane (NASDAQ:HLNE) had its price target upped by Keefe, Bruyette & Woods from $158.00 to $161.00 in a report published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other analysts also recently weighed in on HLNE. The Goldman Sachs Group upgraded Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Thursday, November 6th. Oppenheimer set a $181.00 price objective on Hamilton Lane and gave the company an “outperform” rating in a research report on Tuesday, October 14th. BMO Capital Markets assumed coverage on shares of Hamilton Lane in a research report on Friday, October 3rd. They set an “outperform” rating and a $150.00 target price on the stock. Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings lowered shares of Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.50.

Hamilton Lane Stock Up 0.5%

HLNE opened at $134.43 on Wednesday. The firm has a market cap of $7.50 billion, a P/E ratio of 24.35 and a beta of 1.33. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.49 and a current ratio of 3.49. The business has a 50 day moving average price of $124.43 and a 200 day moving average price of $139.16. Hamilton Lane has a twelve month low of $111.98 and a twelve month high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.46. Hamilton Lane had a net margin of 31.12% and a return on equity of 29.43%. The company had revenue of $190.88 million for the quarter, compared to analyst estimates of $171.86 million. Research analysts forecast that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, December 19th. This represents a $2.16 dividend on an annualized basis and a yield of 1.6%. Hamilton Lane’s payout ratio is currently 39.13%.

Insider Transactions at Hamilton Lane

In other Hamilton Lane news, CEO Juan Delgado-Moreira purchased 8,000 shares of the stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $130.35 per share, with a total value of $1,042,800.00. Following the acquisition, the chief executive officer directly owned 1,314,447 shares of the company’s stock, valued at $171,338,166.45. This represents a 0.61% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 22.21% of the stock is owned by company insiders.

Institutional Trading of Hamilton Lane

Several institutional investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL increased its stake in Hamilton Lane by 512.0% in the third quarter. Tudor Investment Corp ET AL now owns 252,235 shares of the company’s stock valued at $33,999,000 after acquiring an additional 211,022 shares during the period. Swiss Life Asset Management Ltd acquired a new position in shares of Hamilton Lane in the 3rd quarter worth approximately $252,000. Advisory Services Network LLC acquired a new position in shares of Hamilton Lane in the 3rd quarter worth approximately $26,000. Morningstar Investment Management LLC bought a new position in shares of Hamilton Lane during the 3rd quarter worth approximately $1,649,000. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Hamilton Lane by 12.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,816 shares of the company’s stock worth $380,000 after buying an additional 305 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

About Hamilton Lane

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.