Keefe, Bruyette & Woods Issues Positive Forecast for Hamilton Lane (NASDAQ:HLNE) Stock Price

Hamilton Lane (NASDAQ:HLNE) had its price objective raised by Keefe, Bruyette & Woods from $158.00 to $168.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 1.02% from the stock’s previous close.

Other analysts have also issued reports about the company. Wells Fargo & Company lifted their price objective on Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday. UBS Group boosted their target price on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research report on Tuesday, January 21st. Morgan Stanley boosted their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $173.14.

Hamilton Lane Trading Up 5.2 %

HLNE stock traded up $8.33 during midday trading on Wednesday, reaching $169.73. The stock had a trading volume of 215,540 shares, compared to its average volume of 399,341. The business has a fifty day simple moving average of $160.49 and a two-hundred day simple moving average of $162.75. 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 firm has a market cap of $9.41 billion, a price-to-earnings ratio of 36.86 and a beta of 1.25. Hamilton Lane has a twelve month low of $103.42 and a twelve month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The company’s revenue was up 34.3% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. As a group, research analysts expect that Hamilton Lane will post 4.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Hamilton Lane

Institutional investors have recently modified their holdings of the business. CWM LLC lifted its holdings 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. GAMMA Investing LLC lifted its stake in Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after acquiring an additional 156 shares in the last quarter. Icon Wealth Advisors LLC bought a new stake in Hamilton Lane in the 3rd quarter valued at approximately $111,000. Harvest Fund Management Co. Ltd bought a new stake in Hamilton Lane in the 3rd quarter valued at approximately $127,000. Finally, KBC Group NV lifted its stake in Hamilton Lane by 18.0% in the 3rd quarter. KBC Group NV now owns 1,141 shares of the company’s stock valued at $192,000 after acquiring an additional 174 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.