Hamilton Lane (NASDAQ:HLNE) Upgraded at Oppenheimer

Oppenheimer upgraded shares of Hamilton Lane (NASDAQ:HLNE) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday, MarketBeat.com reports. Oppenheimer currently has $186.00 price objective on the stock.

A number of other equities research analysts have also commented on the stock. Wells Fargo & Company reduced their price objective on shares of Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. UBS Group lifted their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods decreased their target price on Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $170.86.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $159.86 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. Hamilton Lane has a 52 week low of $103.42 and a 52 week high of $203.72. The firm has a market cap of $8.86 billion, a PE ratio of 34.68 and a beta of 1.24. The firm’s fifty day moving average is $166.44 and its 200-day moving average is $161.05.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s revenue was up 18.2% on a year-over-year basis. Sell-side analysts predict that Hamilton Lane will post 4.88 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were issued a dividend of $0.49 per share. The ex-dividend date was Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.23%. Hamilton Lane’s dividend payout ratio is 42.52%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HLNE. Quarry LP increased its position in shares of Hamilton Lane by 316.2% during the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the last quarter. CWM LLC increased its holdings in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC raised its position in Hamilton Lane by 32.4% in the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after acquiring an additional 156 shares during the period. Icon Wealth Advisors LLC purchased a new position in Hamilton Lane in the third quarter valued at about $111,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Hamilton Lane during the 3rd quarter valued at approximately $127,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.