Keefe, Bruyette & Woods Lowers Hamilton Lane (NASDAQ:HLNE) Price Target to $158.00

Hamilton Lane (NASDAQ:HLNE) had its price target reduced by analysts at Keefe, Bruyette & Woods from $167.00 to $158.00 in a report released on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 11.95% from the stock’s previous close.

HLNE has been the topic of several other reports. Morgan Stanley boosted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. UBS Group boosted 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. Finally, The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.33.

Hamilton Lane Trading Up 2.2 %

Shares of Hamilton Lane stock opened at $141.14 on Monday. 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 $7.82 billion, a price-to-earnings ratio of 30.62 and a beta of 1.24. Hamilton Lane has a 52-week low of $103.42 and a 52-week high of $203.72. The company’s 50-day simple moving average is $172.95 and its 200-day simple moving average is $160.08.

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

Institutional Trading of Hamilton Lane

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP lifted its holdings in Hamilton Lane by 316.2% in 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. CWM LLC lifted its stake in shares of Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares during the period. GAMMA Investing LLC boosted its position in Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after acquiring an additional 156 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in Hamilton Lane in the 3rd quarter worth approximately $111,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Hamilton Lane in the 3rd quarter valued at $127,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.