Hamilton Lane (NASDAQ:HLNE) Cut to Sell at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Hamilton Lane (NASDAQ:HLNE) from a neutral rating to a sell rating in a research report released on Monday morning, Marketbeat.com reports. They currently have $139.00 target price on the stock.

Several other equities research analysts have also recently weighed in on HLNE. JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. UBS Group raised their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Keefe, Bruyette & Woods decreased their price objective on shares of Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating for the company in a report on Friday, December 20th. Finally, Morgan Stanley lifted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, Hamilton Lane has a consensus rating of “Hold” and a consensus price target of $175.00.

Hamilton Lane Stock Up 0.5 %

Shares of NASDAQ HLNE opened at $147.93 on Monday. The firm’s fifty day moving average is $175.20 and its 200 day moving average is $159.29. Hamilton Lane has a 52 week low of $103.42 and a 52 week high of $203.72. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 32.09 and a beta of 1.24.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 earnings per share. On average, equities research analysts expect that Hamilton Lane will post 4.87 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, December 16th. Hamilton Lane’s dividend payout ratio is presently 42.52%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Quarry LP grew its holdings in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares during the period. CWM LLC boosted its position in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after buying an additional 156 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in Hamilton Lane during the 3rd quarter valued at approximately $111,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Hamilton Lane during the third quarter valued at $127,000. 97.40% of the stock is currently owned by 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.