Keefe, Bruyette & Woods Issues Positive Forecast for Hamilton Lane (NASDAQ:HLNE) Stock Price

Hamilton Lane (NASDAQ:HLNE) had its price target raised by analysts at Keefe, Bruyette & Woods from $158.00 to $168.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential downside of 1.02% from the company’s previous close.

HLNE has been the topic of a number of other reports. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a research report on Monday, January 6th. Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a research note on Wednesday. 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. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a research note on Tuesday, January 21st. Finally, Morgan Stanley lifted their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hamilton Lane presently has an average rating of “Hold” and a consensus price target of $173.14.

Hamilton Lane Stock Performance

Hamilton Lane stock traded up $8.33 during trading hours on Wednesday, reaching $169.73. 215,540 shares of the stock were exchanged, compared to its average volume of 399,341. The firm’s 50 day moving average is $160.49 and its 200 day moving average is $162.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The stock has a market cap of $9.41 billion, a P/E ratio of 36.86 and a beta of 1.25. Hamilton Lane has a 52-week low of $103.42 and a 52-week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.12. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same period last year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis. Analysts predict that Hamilton Lane will post 4.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently bought and sold shares of HLNE. FMR LLC lifted its holdings in Hamilton Lane by 239.9% in the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after acquiring an additional 3,922 shares during the last quarter. Retirement Systems of Alabama purchased a new stake in shares of Hamilton Lane in the third quarter worth approximately $8,291,000. Icon Wealth Advisors LLC purchased a new stake in shares of Hamilton Lane in the third quarter worth approximately $819,000. Royce & Associates LP purchased a new stake in shares of Hamilton Lane in the third quarter worth approximately $538,000. Finally, Teachers Retirement System of The State of Kentucky increased its holdings 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 worth $3,522,000 after buying 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.