Oppenheimer Downgrades Hamilton Lane (NASDAQ:HLNE) to Market Perform

Hamilton Lane (NASDAQ:HLNE) was downgraded by investment analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued on Thursday, Marketbeat.com reports.

A number of other equities analysts have also recently issued reports on HLNE. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price target on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley dropped their price objective on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Finally, Wells Fargo & Company reduced their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $164.14.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $172.74 on Thursday. The firm has a market capitalization of $9.58 billion, a PE ratio of 31.87 and a beta of 1.31. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane has a 12-month low of $114.85 and a 12-month high of $203.72. The firm has a 50-day moving average price of $149.24 and a 200 day moving average price of $159.89.

Hedge Funds Weigh In On Hamilton Lane

Institutional investors and hedge funds have recently bought and sold shares of the business. Artemis Investment Management LLP bought a new position in shares of Hamilton Lane in the fourth quarter valued at about $30,350,000. Vista Finance LLC bought a new stake in Hamilton Lane during the 4th quarter worth about $338,000. Argent Capital Management LLC increased its position in Hamilton Lane by 34.2% in the 4th quarter. Argent Capital Management LLC now owns 12,151 shares of the company’s stock valued at $1,799,000 after acquiring an additional 3,094 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Hamilton Lane in the fourth quarter worth about $2,421,000. Finally, State of Michigan Retirement System raised its stake in shares of Hamilton Lane by 3.1% in the fourth quarter. State of Michigan Retirement System now owns 9,900 shares of the company’s stock worth $1,466,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

About Hamilton Lane

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.