Hamilton Lane (NASDAQ:HLNE) Price Target Raised to $169.00

Hamilton Lane (NASDAQ:HLNE) had its price target boosted by equities researchers at Wells Fargo & Company from $163.00 to $169.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 0.47% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a research report on Tuesday, January 21st. Morgan Stanley raised their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a report on Monday, January 6th. JPMorgan Chase & Co. raised their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, UBS Group raised their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Hamilton Lane currently has a consensus rating of “Hold” and an average price target of $171.71.

Hamilton Lane Stock Performance

NASDAQ HLNE traded up $8.40 on Wednesday, hitting $169.80. 147,481 shares of the stock were exchanged, compared to its average volume of 397,202. The company has a market capitalization of $9.41 billion, a PE ratio of 36.76 and a beta of 1.25. 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 fifty day moving average is $160.49 and its 200 day moving average is $162.75. Hamilton Lane has a 52 week low of $103.42 and a 52 week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. During the same period in the prior year, the firm earned $0.71 EPS. Hamilton Lane’s quarterly revenue was up 34.3% compared to the same quarter last year. Research analysts anticipate that Hamilton Lane will post 4.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Hamilton Lane

A number of hedge funds have recently added to or reduced their stakes in HLNE. CWM LLC increased 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 worth $85,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC increased its holdings in Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after buying an additional 156 shares during the period. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane during the 3rd quarter worth approximately $111,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Hamilton Lane during the 3rd quarter worth approximately $127,000. Finally, KBC Group NV increased its stake in Hamilton Lane by 18.0% in the third quarter. KBC Group NV now owns 1,141 shares of the company’s stock valued at $192,000 after acquiring an additional 174 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.