Hamilton Lane (HLNE) PT Raised to $51.00

Hamilton Lane (NASDAQ:HLNE) had its target price upped by JPMorgan Chase & Co. from $41.00 to $51.00 in a report issued on Monday morning. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on HLNE. Zacks Investment Research downgraded Hamilton Lane from a buy rating to a hold rating in a research note on Wednesday, March 21st. ValuEngine raised Hamilton Lane from a hold rating to a buy rating in a report on Saturday, June 2nd. Finally, Morgan Stanley decreased their target price on Hamilton Lane from $39.00 to $38.00 and set an equal weight rating on the stock in a report on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $42.75.

Hamilton Lane opened at $47.14 on Monday, Marketbeat.com reports. The firm has a market capitalization of $2.33 billion, a PE ratio of 28.74, a PEG ratio of 1.89 and a beta of 1.37. Hamilton Lane has a 1 year low of $20.67 and a 1 year high of $52.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.78.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Thursday, June 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.17. The firm had revenue of $77.61 million for the quarter, compared to the consensus estimate of $60.99 million. Hamilton Lane had a return on equity of 85.07% and a net margin of 7.11%. The company’s revenue for the quarter was up 66.3% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. equities research analysts expect that Hamilton Lane will post 1.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Monday, June 18th will be issued a $0.2125 dividend. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.18. This represents a $0.85 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Friday, June 15th. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.68%.

Large investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. bought a new stake in Hamilton Lane during the fourth quarter valued at about $2,520,000. Arrowstreet Capital Limited Partnership raised its holdings in Hamilton Lane by 12.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 233,863 shares of the company’s stock valued at $8,276,000 after acquiring an additional 25,963 shares during the period. Spark Investment Management LLC bought a new stake in Hamilton Lane during the fourth quarter valued at about $4,023,000. Thrivent Financial For Lutherans bought a new stake in Hamilton Lane during the fourth quarter valued at about $19,298,000. Finally, Citadel Advisors LLC raised its holdings in Hamilton Lane by 1,382.6% during the first quarter. Citadel Advisors LLC now owns 106,630 shares of the company’s stock valued at $3,970,000 after acquiring an additional 99,438 shares during the period. 35.35% of the stock is currently owned by institutional investors and hedge funds.

About Hamilton Lane

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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