Hamilton Lane (NASDAQ:HLNE) Price Target Lowered to $158.00 at Keefe, Bruyette & Woods

Hamilton Lane (NASDAQ:HLNE) had its target price lowered by Keefe, Bruyette & Woods from $167.00 to $158.00 in a report issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 14.54% from the stock’s previous close.

Several other research firms also recently commented on HLNE. Wells Fargo & Company raised their target price on Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. UBS Group increased their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $173.50.

Hamilton Lane Stock Performance

HLNE traded down $1.82 during trading on Monday, reaching $137.94. 100,435 shares of the company’s stock were exchanged, compared to its average volume of 320,753. The company has a market capitalization of $7.65 billion, a P/E ratio of 29.92 and a beta of 1.24. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $173.77 and a 200 day moving average price of $159.96. Hamilton Lane has a fifty-two week low of $103.42 and a fifty-two week high of $203.72.

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

Institutional Investors Weigh In On Hamilton Lane

Institutional investors have recently modified their holdings of the business. Quarry LP boosted its holdings in Hamilton Lane by 316.2% during the second quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after buying an additional 234 shares during the last quarter. CWM LLC grew its holdings in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares during the period. GAMMA Investing LLC increased its holdings in shares of Hamilton Lane by 32.4% in the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after acquiring an additional 156 shares in the last quarter. Icon Wealth Advisors LLC bought a new position in shares of Hamilton Lane during the 3rd quarter valued at about $111,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Hamilton Lane during the 3rd quarter valued at about $127,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.