Keefe, Bruyette & Woods Raises Hamilton Lane (NASDAQ:HLNE) Price Target to $135.00

Hamilton Lane (NASDAQ:HLNE) had its price target raised by Keefe, Bruyette & Woods from $118.00 to $135.00 in a research note published on Friday morning, Marketbeat reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other brokerages have also recently commented on HLNE. UBS Group increased their target price on Hamilton Lane from $118.00 to $120.00 and gave the stock a neutral rating in a report on Friday, April 12th. Wells Fargo & Company raised their price objective on shares of Hamilton Lane from $106.00 to $111.00 and gave the company an equal weight rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. lowered shares of Hamilton Lane from an overweight rating to a neutral rating and set a $115.00 target price on the stock. in a research report on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $114.00.

Hamilton Lane Trading Up 2.2 %

Shares of Hamilton Lane stock opened at $126.95 on Friday. The stock has a market capitalization of $6.86 billion, a P/E ratio of 34.40 and a beta of 1.16. Hamilton Lane has a 12-month low of $62.86 and a 12-month high of $129.02. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $113.61 and a 200 day simple moving average of $110.56.

Hamilton Lane (NASDAQ:HLNE) last posted its 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. The company 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%. Research analysts expect that Hamilton Lane will post 4.37 earnings per share for the current fiscal year.

Hamilton Lane Increases Dividend

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

Insider Activity at Hamilton Lane

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 55,000 shares of Hamilton Lane stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the completion of the sale, the insider now owns 480,015 shares of the company’s stock, valued at approximately $51,841,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 26.82% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc increased its stake in shares of Hamilton Lane by 249.5% in the 4th quarter. TD Asset Management Inc now owns 1,143,179 shares of the company’s stock valued at $129,682,000 after acquiring an additional 816,102 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in Hamilton Lane by 108.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 799,351 shares of the company’s stock worth $90,678,000 after purchasing an additional 416,103 shares during the period. Norges Bank bought a new position in shares of Hamilton Lane during the fourth quarter worth $43,195,000. Vanguard Group Inc. grew its holdings in shares of Hamilton Lane by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after buying an additional 283,190 shares during the period. Finally, Geneva Capital Management LLC bought a new stake in shares of Hamilton Lane in the 1st quarter valued at $22,395,000. 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.