Keefe, Bruyette & Woods Cuts Hamilton Lane (NASDAQ:HLNE) Price Target to $167.00

Hamilton Lane (NASDAQ:HLNE) had its price objective decreased by investment analysts at Keefe, Bruyette & Woods from $215.00 to $167.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 10.83% from the stock’s current price.

A number of other equities analysts have also recently issued reports on HLNE. UBS Group increased their target price on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on 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 upped their price target on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group increased their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and an average price target of $176.33.

Hamilton Lane Trading Down 0.5 %

NASDAQ:HLNE opened at $150.68 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The business’s 50-day simple moving average is $182.95 and its 200-day simple moving average is $156.28. Hamilton Lane has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The stock has a market capitalization of $8.35 billion, a PE ratio of 32.69 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. Sell-side analysts expect that Hamilton Lane will post 4.87 earnings per share for the current fiscal year.

Institutional Trading of Hamilton Lane

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after purchasing an additional 73 shares during the last quarter. EFG Asset Management North America Corp. increased its position in Hamilton Lane by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock worth $2,125,000 after buying an additional 81 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in Hamilton Lane by 0.6% in the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock valued at $2,509,000 after buying an additional 93 shares during the period. CWM LLC lifted its position in shares of Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares during the last quarter. Finally, Islay Capital Management LLC boosted its stake in shares of Hamilton Lane by 2.2% during the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company’s stock worth $801,000 after acquiring an additional 103 shares during the period. 97.40% of the stock is owned by institutional investors.

About Hamilton Lane

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.