JPMorgan Chase & Co. Cuts Hamilton Lane (NASDAQ:HLNE) Price Target to $145.00

Hamilton Lane (NASDAQ:HLNE) had its price target decreased by JPMorgan Chase & Co. from $153.00 to $145.00 in a report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other research analysts have also issued reports about the stock. Oppenheimer lowered shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods reduced their price objective on shares of Hamilton Lane from $162.00 to $155.00 and set a “market perform” rating for the company in a research note on Monday, June 2nd. Morgan Stanley reduced their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Wall Street Zen lowered shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Friday, June 6th. Finally, Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $161.29.

Hamilton Lane Trading Up 0.2%

Shares of HLNE stock opened at $156.86 on Wednesday. The company has a 50 day moving average of $150.88 and a 200-day moving average of $151.26. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 0.31. Hamilton Lane has a 12-month low of $123.98 and a 12-month high of $203.72. The firm has a market cap of $8.40 billion, a P/E ratio of 29.10 and a beta of 1.22.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. Hamilton Lane had a net margin of 30.50% and a return on equity of 32.94%. The company had revenue of $197.97 million during the quarter, compared to analyst estimates of $165.49 million. During the same quarter last year, the business posted $1.38 EPS. Hamilton Lane’s quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts anticipate that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 20th were issued a dividend of $0.54 per share. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Friday, June 20th. Hamilton Lane’s payout ratio is currently 40.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock worth $26,000 after purchasing an additional 126 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of Hamilton Lane during the 1st quarter valued at about $26,000. Versant Capital Management Inc purchased a new position in shares of Hamilton Lane during the 1st quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Hamilton Lane during the 1st quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after buying an additional 254 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

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.