Wells Fargo & Company Issues Pessimistic Forecast for Hamilton Lane (NASDAQ:HLNE) Stock Price

Hamilton Lane (NASDAQ:HLNE) had its price objective cut by Wells Fargo & Company from $169.00 to $152.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms have also recently commented on HLNE. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a research note on Monday, January 6th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Finally, Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hamilton Lane has an average rating of “Hold” and a consensus price target of $170.71.

Hamilton Lane Stock Down 0.9 %

Shares of Hamilton Lane stock opened at $149.20 on Thursday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The company has a market cap of $8.27 billion, a P/E ratio of 27.53 and a beta of 1.28. The firm’s 50 day moving average price is $152.88 and its 200-day moving average price is $164.71. Hamilton Lane has a 52-week low of $107.22 and a 52-week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same period in the previous year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. On average, sell-side analysts predict that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.31%. Hamilton Lane’s dividend payout ratio is currently 36.16%.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Hamilton Lane by 28.4% in the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock valued at $577,681,000 after acquiring an additional 863,326 shares during the last quarter. Invesco Ltd. lifted its position in Hamilton Lane by 25.3% during the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company’s stock valued at $284,738,000 after purchasing an additional 388,019 shares during the period. Wellington Management Group LLP boosted its holdings in Hamilton Lane by 31.1% in the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after purchasing an additional 413,015 shares during the last quarter. State Street Corp raised its stake in shares of Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after buying an additional 489,557 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Hamilton Lane by 229.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company’s stock valued at $191,321,000 after buying an additional 900,283 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.