Hamilton Lane (NASDAQ:HLNE) Given New $163.00 Price Target at Wells Fargo & Company

Hamilton Lane (NASDAQ:HLNE) had its target price lowered by Wells Fargo & Company from $194.00 to $163.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 18.07% from the company’s current price.

Several other research firms have also issued reports on HLNE. UBS Group lifted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods reduced their price target on Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating for the company in a research report on Monday. JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Morgan Stanley boosted their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $168.33.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $138.05 on Tuesday. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72. The business’s 50-day moving average price is $173.77 and its two-hundred day moving average price is $159.96. 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 company has a market capitalization of $7.65 billion, a P/E ratio of 29.95 and a beta of 1.24.

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

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds have recently added to or reduced their stakes in HLNE. FMR LLC grew its position in shares of Hamilton Lane by 239.9% during the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock worth $936,000 after buying an additional 3,922 shares during the period. Retirement Systems of Alabama bought a new position in Hamilton Lane in the third quarter valued at $8,291,000. Icon Wealth Advisors LLC acquired a new stake in shares of Hamilton Lane in the third quarter valued at about $819,000. Royce & Associates LP bought a new stake in shares of Hamilton Lane during the 3rd quarter worth approximately $538,000. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Hamilton Lane by 41.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock valued at $3,522,000 after acquiring an additional 6,178 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

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.