Hamilton Lane (NASDAQ:HLNE) Stock Rating Upgraded by Wall Street Zen

Hamilton Lane (NASDAQ:HLNE) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Friday.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company boosted their price objective on Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a report on Friday, July 11th. JPMorgan Chase & Co. decreased their price objective on Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Lane in a report on Saturday, September 27th. Finally, BMO Capital Markets started coverage on Hamilton Lane in a report on Friday. They issued an “outperform” rating and a $150.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $164.38.

Hamilton Lane Stock Up 0.8%

Hamilton Lane stock opened at $127.60 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. The business’s 50-day simple moving average is $149.42 and its two-hundred day simple moving average is $150.09. The company has a market cap of $7.10 billion, a PE ratio of 24.54 and a beta of 1.20. Hamilton Lane has a fifty-two week low of $124.10 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.33. The business had revenue of $196.73 million for the quarter, compared to the consensus estimate of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.47 EPS. Equities analysts anticipate that Hamilton Lane will post 4.97 EPS for the current year.

Insider Activity at Hamilton Lane

In related news, major shareholder River 5 Ltd French sold 150,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $146.51, for a total value of $21,976,500.00. Following the completion of the sale, the insider owned 330,015 shares of the company’s stock, valued at approximately $48,350,497.65. This trade represents a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 22.21% of the company’s stock.

Institutional Investors Weigh In On Hamilton Lane

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC acquired a new stake in shares of Hamilton Lane in the second quarter valued at approximately $206,000. Osaic Holdings Inc. increased its holdings in shares of Hamilton Lane by 802.0% in the second quarter. Osaic Holdings Inc. now owns 5,782 shares of the company’s stock valued at $825,000 after purchasing an additional 5,141 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Hamilton Lane by 54.7% in the second quarter. Squarepoint Ops LLC now owns 20,695 shares of the company’s stock valued at $2,941,000 after purchasing an additional 7,314 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Hamilton Lane in the second quarter valued at approximately $671,000. Finally, Caxton Associates LLP purchased a new position in Hamilton Lane in the second quarter worth approximately $1,180,000. 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.