The Goldman Sachs Group Raises Hamilton Lane (NASDAQ:HLNE) Price Target to $147.00

Hamilton Lane (NASDAQ:HLNE) had its price objective boosted by The Goldman Sachs Group from $139.00 to $147.00 in a report released on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on HLNE. UBS Group raised their price target on shares of Hamilton Lane from $122.00 to $150.00 and gave the stock a neutral rating in a report on Wednesday, August 21st. Wells Fargo & Company initiated coverage on Hamilton Lane in a research report on Thursday, September 12th. They set an equal weight rating and a $156.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a neutral rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods upped their price objective 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 research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $143.00.

Hamilton Lane Trading Up 1.6 %

Shares of HLNE stock opened at $173.60 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 47.05 and a beta of 1.19. Hamilton Lane has a 1-year low of $78.66 and a 1-year high of $175.00. The stock has a 50 day simple moving average of $150.59 and a 200-day simple moving average of $130.85.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data 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 the consensus estimate of $149.84 million. During the same quarter in the prior year, the firm earned $0.94 EPS. On average, equities research analysts expect that Hamilton Lane will post 4.88 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors 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 yield of 1.13%. Hamilton Lane’s dividend payout ratio is currently 53.12%.

Institutional Investors Weigh In On Hamilton Lane

Several institutional investors have recently modified their holdings of HLNE. Vanguard Group Inc. increased 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 acquiring an additional 283,190 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in Hamilton Lane by 2.0% during the second quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company’s stock worth $110,334,000 after purchasing an additional 17,272 shares in the last quarter. Fred Alger Management LLC lifted its position in shares of Hamilton Lane by 10.5% during the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock worth $84,964,000 after buying an additional 65,151 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Hamilton Lane by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company’s stock valued at $72,943,000 after buying an additional 37,680 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Hamilton Lane by 30.3% in the 2nd quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock valued at $71,772,000 after buying an additional 135,040 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Company Profile

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.