Hamilton Lane (NASDAQ:HLNE – Get Free Report) was upgraded by equities research analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks reports.
A number of other research analysts also recently issued reports on the company. UBS Group upped their price target on Hamilton Lane from $114.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $105.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Oppenheimer dropped their price target on shares of Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating on the stock in a report on Thursday, August 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $117.00 price target on shares of Hamilton Lane in a research note on Friday. Finally, Morgan Stanley decreased their price objective on shares of Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hamilton Lane currently has an average rating of “Buy” and an average price target of $126.62.
Read Our Latest Analysis on HLNE
Hamilton Lane Price Performance
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.53 by $0.41. The business had revenue of $275.33 million for the quarter, compared to the consensus estimate of $221.94 million. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%.The company’s revenue was up 56.5% compared to the same quarter last year. During the same period last year, the business posted $1.47 EPS. As a group, research analysts expect that Hamilton Lane will post 7.25 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc grew its position in Hamilton Lane by 332.0% during the second quarter. IFP Advisors Inc now owns 419 shares of the company’s stock valued at $33,000 after buying an additional 322 shares during the period. Harbor Investment Advisory LLC bought a new position in Hamilton Lane in the second quarter worth approximately $58,000. Blue Trust Inc. purchased a new position in shares of Hamilton Lane during the 1st quarter worth $75,000. Allworth Financial LP boosted its stake in shares of Hamilton Lane by 592.9% during the 2nd quarter. Allworth Financial LP now owns 1,171 shares of the company’s stock worth $92,000 after acquiring an additional 1,002 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Hamilton Lane by 29.5% during the 1st quarter. International Assets Investment Management LLC now owns 1,503 shares of the company’s stock valued at $146,000 after acquiring an additional 342 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.
Hamilton Lane Company Profile
Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm focused on private markets. The company provides investment solutions and advisory services to institutional investors, family offices, financial intermediaries and private wealth clients seeking exposure to alternative investments.
Its offerings include customized separate accounts, commingled funds, evergreen funds, secondary investments, direct and co-investments, and other private-market strategies. Hamilton Lane also provides portfolio management, investment research, due diligence, monitoring, reporting and data-driven technology designed to help clients evaluate and manage private-market portfolios.
Founded in 1991, Hamilton Lane serves clients across North America, Europe, Asia-Pacific and other international markets through a global network of offices.
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