Hamilton Lane (NASDAQ:HLNE) PT Raised to $170.00

Hamilton Lane (NASDAQ:HLNE) had its price target boosted by stock analysts at Wells Fargo & Company from $156.00 to $170.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential downside of 3.57% from the company’s current price.

HLNE has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. The Goldman Sachs Group boosted their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Finally, UBS Group lifted their price target on shares of Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and a consensus price target of $145.33.

Hamilton Lane Stock Up 1.9 %

Shares of Hamilton Lane stock traded up $3.29 on Wednesday, hitting $176.30. The company had a trading volume of 38,846 shares, compared to its average volume of 312,940. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 47.78 and a beta of 1.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. Hamilton Lane has a 1 year low of $78.66 and a 1 year high of $176.30. The stock has a 50 day moving average of $151.77 and a 200-day moving average of $131.92.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The firm had revenue of $196.73 million during the quarter, compared to analyst estimates of $149.84 million. During the same quarter in the prior year, the business posted $0.94 EPS. As a group, sell-side analysts forecast that Hamilton Lane will post 4.88 earnings per share for the current year.

Hedge Funds Weigh In On Hamilton Lane

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its holdings in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after buying an additional 73 shares in the last quarter. EFG Asset Management North America Corp. grew its holdings in shares of Hamilton Lane by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock valued at $2,125,000 after purchasing an additional 81 shares during the last quarter. CWM LLC raised its position in Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing 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 valued at $107,000 after buying an additional 156 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Hamilton Lane by 0.4% in the second quarter. Rhumbline Advisers now owns 55,451 shares of the company’s stock worth $6,853,000 after buying an additional 208 shares during the period. 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.