JPMorgan Chase & Co. Issues Positive Forecast for Hamilton Lane (NASDAQ:HLNE) Stock Price

Hamilton Lane (NASDAQ:HLNE) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $134.00 to $175.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 8.23% from the company’s previous close.

HLNE has been the topic of several other research reports. UBS Group boosted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a report on Thursday. Morgan Stanley upped their target price on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $179.00.

Hamilton Lane Stock Performance

NASDAQ:HLNE traded down $1.93 during mid-day trading on Thursday, hitting $190.70. The stock had a trading volume of 174,784 shares, compared to its average volume of 315,617. Hamilton Lane has a twelve month low of $86.20 and a twelve month high of $196.60. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 43.60 and a beta of 1.18. The company’s 50 day simple moving average is $167.61 and its 200 day simple moving average is $141.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. During the same period in the prior year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities research analysts forecast that Hamilton Lane will post 4.9 earnings per share for the current year.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds have recently modified their holdings of the company. Covestor Ltd increased its position in shares of Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after acquiring an additional 298 shares during the period. Quarry LP boosted its stake 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 in the last quarter. Signaturefd LLC boosted its stake in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after purchasing an additional 73 shares in the last quarter. CWM LLC boosted its stake in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after purchasing an additional 100 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Hamilton Lane by 106.5% during the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after purchasing an additional 358 shares in the last quarter. Hedge funds and other 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.