Hamilton Lane (NASDAQ:HLNE) Lowered to “Neutral” at JPMorgan Chase & Co.

Hamilton Lane (NASDAQ:HLNE) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Thursday, Marketbeat.com reports. They currently have a $115.00 target price on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 4.04% from the stock’s current price.

Several other equities research analysts also recently issued reports on HLNE. Oppenheimer downgraded Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, January 11th. Morgan Stanley upped their price target on Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Company boosted their price objective on Hamilton Lane from $106.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane presently has an average rating of “Hold” and a consensus price target of $109.67.

Hamilton Lane Trading Down 3.2 %

NASDAQ HLNE opened at $110.53 on Thursday. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 34.01 and a beta of 1.18. Hamilton Lane has a 52 week low of $62.86 and a 52 week high of $121.90. The business has a 50 day moving average price of $112.58 and a 200-day moving average price of $104.19. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.32.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.17). Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. The company had revenue of $125.26 million for the quarter, compared to the consensus estimate of $130.47 million. During the same quarter last year, the company posted $0.43 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that Hamilton Lane will post 3.55 earnings per share for the current fiscal year.

Insider Transactions at Hamilton Lane

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the completion of the transaction, the insider now owns 480,015 shares in the company, valued at approximately $51,841,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.82% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Hamilton Lane by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 187,549 shares of the company’s stock worth $14,494,000 after purchasing an additional 3,340 shares during the period. American Century Companies Inc. boosted its stake in Hamilton Lane by 13.8% in the 1st quarter. American Century Companies Inc. now owns 5,518 shares of the company’s stock worth $426,000 after purchasing an additional 670 shares during the period. US Bancorp DE boosted its stake in Hamilton Lane by 373.9% in the 1st quarter. US Bancorp DE now owns 3,109 shares of the company’s stock worth $241,000 after purchasing an additional 2,453 shares during the period. PNC Financial Services Group Inc. boosted its stake in Hamilton Lane by 321.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 611 shares of the company’s stock worth $48,000 after purchasing an additional 466 shares during the period. Finally, Natixis Advisors L.P. purchased a new stake in shares of Hamilton Lane in the 1st quarter valued at about $805,000. 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.