Hamilton Lane (NASDAQ:HLNE) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Hamilton Lane (NASDAQ:HLNE) had its price objective raised by equities research analysts at Wells Fargo & Company from $161.00 to $162.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 7.02% from the stock’s previous close.

A number of other research firms also recently weighed in on HLNE. Oppenheimer downgraded Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods dropped their price objective on Hamilton Lane from $162.00 to $155.00 and set a “market perform” rating for the company in a report on Monday, June 2nd. Wall Street Zen downgraded Hamilton Lane from a “hold” rating to a “sell” rating in a report on Friday, June 6th. 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 report on Monday, April 14th. Finally, JPMorgan Chase & Co. dropped their price objective on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $164.43.

Hamilton Lane Trading Down 1.2%

HLNE stock opened at $151.38 on Friday. The company has a market cap of $8.11 billion, a P/E ratio of 28.09 and a beta of 1.22. Hamilton Lane has a twelve month low of $123.98 and a twelve month high of $203.72. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $153.48 and a 200-day moving average of $150.97.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $197.97 million during the quarter, compared to the consensus estimate of $165.49 million. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 earnings per share. As a group, equities research analysts expect that Hamilton Lane will post 4.97 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CBIZ Investment Advisory Services LLC grew its stake in Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after acquiring an additional 61 shares during the period. CWM LLC boosted its position in shares of Hamilton Lane by 18.2% during the first quarter. CWM LLC now owns 611 shares of the company’s stock worth $91,000 after buying an additional 94 shares during the period. HighTower Advisors LLC boosted its position in shares of Hamilton Lane by 6.0% during the fourth quarter. HighTower Advisors LLC now owns 1,824 shares of the company’s stock worth $270,000 after buying an additional 103 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Hamilton Lane by 2.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company’s stock worth $801,000 after buying an additional 108 shares during the period. Finally, Summit Investment Advisors Inc. boosted its position in shares of Hamilton Lane by 0.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 12,245 shares of the company’s stock worth $1,813,000 after buying an additional 109 shares during the period. 97.40% of the stock is 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.