Hamilton Lane (NASDAQ:HLNE) Rating Lowered to Sell at The Goldman Sachs Group

Hamilton Lane (NASDAQ:HLNE) was downgraded by The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research report issued on Monday, Marketbeat Ratings reports. They currently have a $139.00 target price on the stock. The Goldman Sachs Group’s price target indicates a potential downside of 5.61% from the company’s current price.

Several other equities analysts also recently issued reports on HLNE. JPMorgan Chase & Co. upped their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley increased their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. UBS Group lifted their target price on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company increased their price target on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating on the stock in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Hamilton Lane has an average rating of “Hold” and a consensus target price of $175.00.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $147.26 on Monday. Hamilton Lane has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The company has a market cap of $8.16 billion, a PE ratio of 31.94 and a beta of 1.24. 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 business has a 50-day simple moving average of $175.89 and a two-hundred day simple moving average of $159.37.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. During the same period last year, the business earned $0.89 EPS. Hamilton Lane’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities analysts expect that Hamilton Lane will post 4.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Hamilton Lane

Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in shares of Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after purchasing an additional 97,924 shares during the last quarter. Retirement Systems of Alabama acquired a new position in shares of Hamilton Lane during the third quarter valued at approximately $8,291,000. Oddo BHF Asset Management Sas purchased a new position in shares of Hamilton Lane in the third quarter valued at approximately $2,397,000. Franklin Resources Inc. boosted its stake in shares of Hamilton Lane by 9.2% in the third quarter. Franklin Resources Inc. now owns 184,836 shares of the company’s stock worth $32,746,000 after acquiring an additional 15,554 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Hamilton Lane in the third quarter worth approximately $310,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.