Hamilton Lane (NASDAQ:HLNE) PT Raised to $120.00 at UBS Group

Hamilton Lane (NASDAQ:HLNE) had its target price lifted by stock analysts at UBS Group from $118.00 to $120.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 8.57% from the company’s previous close.

Several other analysts have also weighed in on HLNE. Wells Fargo & Company raised their price objective on Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Morgan Stanley increased their target price on Hamilton Lane from $102.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Oppenheimer downgraded Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. downgraded Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 target price for the company. in a research report on Thursday. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and an average price target of $109.67.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $110.53 on Friday. The stock’s 50-day simple moving average is $112.58 and its 200 day simple moving average is $104.29. The firm has a market capitalization of $5.97 billion, a PE ratio of 34.01 and a beta of 1.18. 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 has a twelve month low of $62.86 and a twelve month high of $121.90.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.17). The business had revenue of $125.26 million during the quarter, compared to analyst estimates of $130.47 million. Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. On average, analysts anticipate that Hamilton Lane will post 3.55 EPS 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 firm’s stock in a transaction dated 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 directly owns 480,015 shares in the company, valued at $51,841,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.82% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hamilton Lane

A number of hedge funds have recently made changes to their positions in HLNE. Voya Investment Management LLC increased its holdings in Hamilton Lane by 0.8% in the fourth quarter. Voya Investment Management LLC now owns 15,780 shares of the company’s stock worth $1,790,000 after purchasing an additional 120 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Hamilton Lane by 0.7% in the third quarter. New York State Common Retirement Fund now owns 17,238 shares of the company’s stock worth $1,559,000 after purchasing an additional 128 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Hamilton Lane by 11.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,609 shares of the company’s stock worth $146,000 after purchasing an additional 168 shares in the last quarter. FMR LLC increased its holdings in Hamilton Lane by 44.6% in the second quarter. FMR LLC now owns 600 shares of the company’s stock worth $40,000 after purchasing an additional 185 shares in the last quarter. Finally, Van Hulzen Asset Management LLC increased its holdings in Hamilton Lane by 1.8% in the fourth quarter. Van Hulzen Asset Management LLC now owns 10,840 shares of the company’s stock worth $1,230,000 after purchasing an additional 189 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

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.