Hamilton Lane (NASDAQ:HLNE) Stock Rating Upgraded by Oppenheimer

Hamilton Lane (NASDAQ:HLNE) was upgraded by analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $186.00 target price on the stock. Oppenheimer’s price target points to a potential upside of 16.15% from the stock’s previous close.

Several other brokerages also recently issued reports on HLNE. Keefe, Bruyette & Woods cut their target price on shares of Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Morgan Stanley raised their price objective 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. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, UBS Group boosted their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $170.86.

Hamilton Lane Stock Up 1.9 %

Hamilton Lane stock opened at $160.14 on Tuesday. Hamilton Lane has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 34.74 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The company’s 50 day simple moving average is $167.10 and its 200 day simple moving average is $161.05.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The company had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. During the same period in the previous year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hamilton Lane will post 4.88 EPS for the current year.

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds have recently modified their holdings of HLNE. Wellington Management Group LLP boosted its stake in Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after purchasing an additional 413,015 shares during the period. State Street Corp raised its holdings in shares of Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after acquiring an additional 489,557 shares in the last quarter. Geode Capital Management LLC grew its stake in Hamilton Lane by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after buying an additional 25,657 shares in the last quarter. Copeland Capital Management LLC increased its stake in Hamilton Lane by 0.8% in the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock valued at $145,388,000 after acquiring an additional 7,106 shares during the last quarter. Finally, Fred Alger Management LLC raised its position in Hamilton Lane by 10.5% during the second quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock valued at $84,964,000 after purchasing an additional 65,151 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.