Hamilton Lane (NASDAQ:HLNE – Get Free Report) had its target price increased by equities researchers at UBS Group from $115.00 to $120.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group‘s price target suggests a potential upside of 34.14% from the company’s previous close.
A number of other research firms also recently weighed in on HLNE. Weiss Ratings upgraded Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Wells Fargo & Company upped their target price on Hamilton Lane from $103.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday. Morgan Stanley set a $118.00 price target on shares of Hamilton Lane in a research report on Friday, October 16th. BMO Capital Markets decreased their price target on shares of Hamilton Lane from $116.00 to $95.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 27th. Finally, Oppenheimer lowered their price objective on shares of Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating for the company in a report on Thursday, August 27th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Hamilton Lane has a consensus rating of “Moderate Buy” and an average price target of $126.12.
View Our Latest Research Report on Hamilton Lane
Hamilton Lane Price Performance
Shares of HLNE stock traded down $0.67 during trading on Thursday, hitting $89.46. The company had a trading volume of 616,474 shares, compared to its average volume of 607,645. The stock’s 50-day moving average is $89.41 and its two-hundred day moving average is $96.59. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 13.27 and a beta of 1.16. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.16. Hamilton Lane has a 52 week low of $71.88 and a 52 week high of $155.66.
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.33. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The business had revenue of $204.43 million during the quarter, compared to analyst estimates of $215.23 million. During the same period in the previous year, the business posted $1.54 earnings per share. Hamilton Lane’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, analysts predict that Hamilton Lane will post 7.61 EPS for the current fiscal year.
Institutional Investors Weigh In On Hamilton Lane
A number of institutional investors have recently modified their holdings of HLNE. Principal Financial Group Inc. raised its position in shares of Hamilton Lane by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 1,103,913 shares of the company’s stock worth $109,725,000 after purchasing an additional 18,063 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Hamilton Lane by 12.9% in the first quarter. Janus Henderson Group PLC now owns 905,660 shares of the company’s stock worth $90,045,000 after buying an additional 103,663 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of Hamilton Lane by 9.7% in the first quarter. Van Berkom & Associates Inc. now owns 833,307 shares of the company’s stock worth $82,831,000 after buying an additional 73,679 shares in the last quarter. Copeland Capital Management LLC grew its holdings in shares of Hamilton Lane by 52.5% during the third quarter. Copeland Capital Management LLC now owns 741,678 shares of the company’s stock valued at $64,422,000 after buying an additional 255,238 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Hamilton Lane by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 678,579 shares of the company’s stock valued at $67,450,000 after acquiring an additional 12,115 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.
About Hamilton Lane
Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.
Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.
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