Hamilton Lane (NASDAQ:HLNE) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Hamilton Lane (NASDAQ:HLNE) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also recently weighed in on HLNE. UBS Group cut their price target on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. BMO Capital Markets dropped their target price on shares of Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Morgan Stanley set a $159.00 target price on shares of Hamilton Lane in a report on Tuesday, January 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Hamilton Lane presently has an average rating of “Moderate Buy” and an average price target of $165.00.

Hamilton Lane Trading Up 2.6%

NASDAQ:HLNE traded up $2.51 during trading hours on Monday, hitting $99.08. The company had a trading volume of 62,472 shares, compared to its average volume of 689,179. The company has a market capitalization of $5.53 billion, a PE ratio of 17.91 and a beta of 1.33. The stock has a 50-day moving average price of $111.42 and a 200 day moving average price of $124.52. Hamilton Lane has a 52 week low of $90.47 and a 52 week high of $179.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27.

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

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 20th were paid a $0.54 dividend. The ex-dividend date was Friday, March 20th. This represents a $2.16 dividend on an annualized basis and a yield of 2.2%. Hamilton Lane’s payout ratio is presently 38.78%.

Hedge Funds Weigh In On Hamilton Lane

A number of hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. raised its position in Hamilton Lane by 27.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company’s stock worth $61,000 after buying an additional 90 shares during the last quarter. Hantz Financial Services Inc. raised its position in Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after buying an additional 95 shares during the last quarter. State of Michigan Retirement System raised its position in Hamilton Lane by 1.0% in the 4th quarter. State of Michigan Retirement System now owns 9,700 shares of the company’s stock worth $1,303,000 after buying an additional 100 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Hamilton Lane by 12.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 899 shares of the company’s stock worth $121,000 after buying an additional 103 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Hamilton Lane by 81.2% in the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock worth $32,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

About Hamilton Lane

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.