Hamilton Lane (NASDAQ:HLNE) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Hamilton Lane (NASDAQ:HLNE) had its price target raised by stock analysts at Wells Fargo & Company from $189.00 to $194.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 14.63% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. UBS Group upped their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group increased their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley boosted their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. 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 research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $184.33.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $169.24 on Thursday. The firm has a market capitalization of $9.38 billion, a PE ratio of 36.71 and a beta of 1.19. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane has a 1-year low of $103.42 and a 1-year high of $203.72. The business’s 50 day moving average is $184.59 and its 200-day moving average is $155.18.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. During the same quarter in the previous year, the company earned $0.89 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. Sell-side analysts predict that Hamilton Lane will post 4.87 earnings per share for the current year.

Institutional Trading of Hamilton Lane

Several large investors have recently made changes to their positions in HLNE. Wellington Management Group LLP lifted its position in Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after buying an additional 413,015 shares in the last quarter. State Street Corp lifted its position in shares of Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after purchasing an additional 489,557 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Hamilton Lane by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after purchasing an additional 25,657 shares during the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of Hamilton Lane by 2.0% in the second quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company’s stock valued at $110,334,000 after purchasing an additional 17,272 shares in the last quarter. Finally, Copeland Capital Management LLC raised its position in Hamilton Lane by 0.8% in the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock worth $145,388,000 after purchasing an additional 7,106 shares during 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.