Hamilton Lane Inc. (NASDAQ:HLNE) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $124.12.

A number of research analysts have recently commented on the stock. Morgan Stanley set a $118.00 price target on shares of Hamilton Lane in a report on Friday, October 16th. 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 research report on Thursday, August 27th. Weiss Ratings raised shares of Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Wells Fargo & Company began coverage on shares of Hamilton Lane in a research note on Friday, October 2nd. They set an “overweight” rating and a $103.00 price target for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $117.00 price target on shares of Hamilton Lane in a research note on Friday, October 2nd.

Hamilton Lane Stock Up 4.7%

Shares of NASDAQ:HLNE opened at $87.84 on Tuesday. Hamilton Lane has a 1 year low of $71.88 and a 1 year high of $155.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49. The firm has a market capitalization of $4.88 billion, a PE ratio of 13.39 and a beta of 1.23. The business has a 50 day simple moving average of $90.63 and a two-hundred day simple moving average of $97.80.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.53 by $0.41. The company 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%. Hamilton Lane’s quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 EPS. On average, equities analysts predict that Hamilton Lane will post 7.47 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HLNE. Root Financial Partners LLC purchased a new stake in shares of Hamilton Lane in the 3rd quarter worth $27,000. IFP Advisors Inc grew its position in shares of Hamilton Lane by 332.0% during the 2nd quarter. IFP Advisors Inc now owns 419 shares of the company’s stock worth $33,000 after buying an additional 322 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of Hamilton Lane during the 3rd quarter worth $51,000. Harbor Investment Advisory LLC bought a new position in shares of Hamilton Lane during the 2nd quarter worth $58,000. Finally, GAMMA Investing LLC increased its stake in shares of Hamilton Lane by 80.1% during the third quarter. GAMMA Investing LLC now owns 789 shares of the company’s stock valued at $69,000 after buying an additional 351 shares during the period. 97.40% of the stock is currently 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.