Hamilton Lane (NASDAQ:HLNE) had its price target hoisted by research analysts at Wells Fargo & Co from $62.00 to $68.00 in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Co‘s price objective would suggest a potential downside of 0.13% from the stock’s previous close.
HLNE has been the topic of a number of other research reports. BidaskClub upgraded shares of Hamilton Lane from a “hold” rating to a “buy” rating in a research report on Wednesday. ValuEngine cut shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.50.
NASDAQ:HLNE traded up $0.86 during trading hours on Friday, reaching $68.09. The company’s stock had a trading volume of 9,665 shares, compared to its average volume of 98,099. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 2.19 and a beta of 0.89. The firm has a 50-day simple moving average of $59.98 and a 200-day simple moving average of $58.64. Hamilton Lane has a 1 year low of $35.08 and a 1 year high of $67.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.68 and a current ratio of 2.68.
Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, November 5th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business had revenue of $64.29 million during the quarter, compared to analysts’ expectations of $70.71 million. Hamilton Lane had a return on equity of 56.89% and a net margin of 15.34%. Hamilton Lane’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. Equities analysts anticipate that Hamilton Lane will post 1.95 earnings per share for the current fiscal year.
In other Hamilton Lane news, major shareholder Tara Devlin sold 10,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $55.57, for a total value of $555,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 43.91% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in HLNE. Ellis Investment Partners LLC increased its position in shares of Hamilton Lane by 93.8% in the fourth quarter. Ellis Investment Partners LLC now owns 500 shares of the company’s stock valued at $30,000 after acquiring an additional 242 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Hamilton Lane by 878.7% in the third quarter. Tower Research Capital LLC TRC now owns 734 shares of the company’s stock valued at $42,000 after acquiring an additional 659 shares during the period. Bank of Montreal Can purchased a new position in shares of Hamilton Lane in the second quarter valued at about $110,000. Jefferies Group LLC purchased a new position in shares of Hamilton Lane in the second quarter valued at about $262,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Hamilton Lane in the third quarter valued at about $263,000. Hedge funds and other institutional investors own 50.59% of the company’s stock.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
Further Reading: Quiet Period
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