Zacks Research Downgrades Hamilton Lane (NASDAQ:HLNE) to Hold

Hamilton Lane (NASDAQ:HLNE) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Morgan Stanley decreased their price objective on shares of Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $168.00 to $150.00 in a research report on Monday, October 13th. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $149.00 to $162.00 in a research report on Thursday, September 18th. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Finally, BMO Capital Markets started coverage on shares of Hamilton Lane in a research report on Friday, October 3rd. They issued an “outperform” rating and a $150.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.71.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $118.92 on Wednesday. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. Hamilton Lane has a fifty-two week low of $114.63 and a fifty-two week high of $203.72. The stock has a market cap of $6.62 billion, a PE ratio of 22.87 and a beta of 1.20. The firm’s fifty day simple moving average is $139.79 and its 200-day simple moving average is $147.37.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.98 by $0.33. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The business had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. During the same period in the previous year, the firm earned $1.47 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts expect that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Insider Transactions at Hamilton Lane

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the transaction, the insider directly owned 330,015 shares in the company, valued at approximately $48,350,497.65. This represents a 31.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new position in Hamilton Lane in the 1st quarter valued at about $26,000. Parkside Financial Bank & Trust increased its stake in shares of Hamilton Lane by 920.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock valued at $29,000 after acquiring an additional 184 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Hamilton Lane during the 1st quarter valued at about $33,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Hamilton Lane during the 2nd quarter valued at about $33,000. Finally, Global Retirement Partners LLC increased its stake in shares of Hamilton Lane by 126.4% during the 3rd quarter. Global Retirement Partners LLC now owns 317 shares of the company’s stock valued at $43,000 after acquiring an additional 177 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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.