Hamilton Lane (NASDAQ:HLNE) PT Lowered to $78.00

Hamilton Lane (NASDAQ:HLNEGet Rating) had its target price reduced by equities research analysts at Wells Fargo & Company from $95.00 to $78.00 in a research note issued to investors on Tuesday, The Fly reports. Wells Fargo & Company‘s target price suggests a potential upside of 9.55% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Morgan Stanley cut their price objective on shares of Hamilton Lane from $120.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Friday, January 21st. Zacks Investment Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 4th.

NASDAQ:HLNE opened at $71.20 on Tuesday. The firm’s 50-day moving average price is $77.04 and its 200-day moving average price is $91.70. The company has a market capitalization of $3.79 billion, a PE ratio of 15.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.50 and a quick ratio of 1.50. Hamilton Lane has a 1-year low of $70.13 and a 1-year high of $116.00.

Hamilton Lane (NASDAQ:HLNEGet Rating) last released its earnings results on Tuesday, February 1st. The company reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.33. The firm had revenue of $91.70 million for the quarter, compared to the consensus estimate of $97.41 million. Hamilton Lane had a net margin of 54.14% and a return on equity of 62.83%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. Equities analysts anticipate that Hamilton Lane will post 4.27 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wasatch Advisors Inc. boosted its holdings in shares of Hamilton Lane by 16.2% during the 3rd quarter. Wasatch Advisors Inc. now owns 3,050,990 shares of the company’s stock valued at $258,785,000 after acquiring an additional 426,243 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Hamilton Lane by 18.1% during the 4th quarter. Invesco Ltd. now owns 1,086,603 shares of the company’s stock valued at $112,593,000 after acquiring an additional 166,566 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Hamilton Lane by 3.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 930,942 shares of the company’s stock valued at $96,464,000 after acquiring an additional 27,808 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Hamilton Lane by 3.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 751,078 shares of the company’s stock valued at $77,827,000 after acquiring an additional 25,529 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Hamilton Lane by 7.4% during the 4th quarter. State Street Corp now owns 730,346 shares of the company’s stock valued at $75,925,000 after acquiring an additional 50,487 shares during the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Company Profile (Get Rating)

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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