Oppenheimer Cuts Hamilton Lane (NASDAQ:HLNE) Price Target to $171.00

Hamilton Lane (NASDAQ:HLNE) had its target price cut by Oppenheimer from $230.00 to $171.00 in a report published on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

HLNE has been the topic of a number of other reports. UBS Group reduced their target price on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. JPMorgan Chase & Co. upped their target price on shares of Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Morgan Stanley set a $159.00 target price on shares of Hamilton Lane in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Zacks Research lowered shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.63.

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $105.12 on Monday. The firm has a market cap of $5.86 billion, a PE ratio of 18.87 and a beta of 1.33. Hamilton Lane has a 12 month low of $90.47 and a 12 month high of $179.19. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $106.20 and its two-hundred day moving average price is $122.73.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The firm had revenue of $198.59 million for the quarter, compared to analyst estimates of $195.36 million. During the same period in the previous year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, equities analysts anticipate that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 20th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, March 20th. Hamilton Lane’s dividend payout ratio is currently 38.78%.

Institutional Investors Weigh In On Hamilton Lane

Several large investors have recently bought and sold shares of HLNE. Millennium Management LLC increased its stake in Hamilton Lane by 418.8% in the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock valued at $142,946,000 after purchasing an additional 856,112 shares in the last quarter. Principal Financial Group Inc. increased its stake in Hamilton Lane by 148.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock valued at $145,844,000 after purchasing an additional 648,588 shares in the last quarter. Norges Bank bought a new stake in Hamilton Lane in the fourth quarter valued at approximately $68,657,000. Balyasny Asset Management L.P. increased its stake in Hamilton Lane by 117.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 756,148 shares of the company’s stock valued at $101,558,000 after purchasing an additional 409,013 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Hamilton Lane during the fourth quarter worth $48,820,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Company Profile

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.