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

Hamilton Lane (NASDAQ:HLNE) had its price target increased by equities research analysts at Wells Fargo & Company from $163.00 to $169.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 1.30% from the company’s current price.

Several other research firms have also recently weighed in on HLNE. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley raised their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods dropped their price objective on shares of Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. 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. Finally, UBS Group lifted their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $173.14.

Hamilton Lane Trading Down 2.0 %

Shares of HLNE opened at $166.83 on Wednesday. The stock’s 50-day moving average price is $159.55 and its 200 day moving average price is $162.83. 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 capitalization of $9.25 billion, a price-to-earnings ratio of 36.19 and a beta of 1.25. Hamilton Lane has a 12-month low of $103.42 and a 12-month high of $203.72.

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

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Hamilton Lane during the 4th quarter worth approximately $24,081,000. Arizona State Retirement System lifted its holdings in Hamilton Lane by 0.7% during the 4th quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock valued at $1,653,000 after purchasing an additional 80 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Hamilton Lane during the 4th quarter valued at $221,000. Assetmark Inc. boosted its position in Hamilton Lane by 8.8% during the fourth quarter. Assetmark Inc. now owns 10,022 shares of the company’s stock worth $1,484,000 after purchasing an additional 814 shares during the period. Finally, Cookson Peirce & Co. Inc. raised its position in shares of Hamilton Lane by 56.1% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 5,114 shares of the company’s stock valued at $757,000 after purchasing an additional 1,837 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.