Hamilton Lane Incorporated (NASDAQ:HLNE – Get Rating)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $63.03 and last traded at $63.25, with a volume of 189992 shares changing hands. The stock had previously closed at $65.01.
Several equities analysts have commented on HLNE shares. Morgan Stanley cut their price objective on Hamilton Lane from $111.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 20th. Wells Fargo & Company cut their price objective on Hamilton Lane from $95.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 19th. Finally, Zacks Investment Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 4th.
The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $73.39 and a 200-day moving average price of $88.49. The firm has a market cap of $3.47 billion, a P/E ratio of 14.19 and a beta of 0.98.
Hamilton Lane Company Profile (NASDAQ:HLNE)
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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