Wells Fargo & Company Forecasts Strong Price Appreciation for Hamilton Lane (NASDAQ:HLNE) Stock

Hamilton Lane (NASDAQ:HLNE) had its price objective raised by equities research analysts at Wells Fargo & Company from $103.00 to $114.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 24.44% from the stock’s current price.

Several other equities research analysts have also issued reports on HLNE. Morgan Stanley set a $118.00 price objective on Hamilton Lane in a research note on Friday, October 16th. The Goldman Sachs Group restated a “buy” rating and issued a $117.00 target price on shares of Hamilton Lane in a research note on Friday, October 2nd. Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, UBS Group cut their price objective on Hamilton Lane from $131.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Hamilton Lane presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

Hamilton Lane Price Performance

NASDAQ:HLNE traded up $2.98 during trading hours on Wednesday, hitting $91.61. The stock had a trading volume of 68,799 shares, compared to its average volume of 766,565. The company has a 50 day simple moving average of $90.30 and a two-hundred day simple moving average of $97.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49. Hamilton Lane has a one year low of $71.88 and a one year high of $155.66. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 13.99 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.33. The firm had revenue of $204.43 million during the quarter, compared to analyst estimates of $215.23 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.54 EPS. Research analysts forecast that Hamilton Lane will post 7.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLNE. Fort Washington Investment Advisors Inc. OH bought a new position in Hamilton Lane in the third quarter valued at $27,027,000. The Manufacturers Life Insurance Company raised its position in Hamilton Lane by 1,039.7% during the first quarter. The Manufacturers Life Insurance Company now owns 335,903 shares of the company’s stock valued at $33,389,000 after purchasing an additional 306,429 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Hamilton Lane during the second quarter worth about $24,063,000. Copeland Capital Management LLC lifted its stake in Hamilton Lane by 52.5% during the third quarter. Copeland Capital Management LLC now owns 741,678 shares of the company’s stock worth $64,422,000 after purchasing an additional 255,238 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Hamilton Lane by 37.4% during the first quarter. Sei Investments Co. now owns 406,425 shares of the company’s stock worth $40,399,000 after purchasing an additional 110,617 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Key Hamilton Lane News

Here are the key news stories impacting Hamilton Lane this week:

• Positive Sentiment: Fiscal Q2 adjusted earnings were $1.98 per share, topping consensus estimates and rising from $1.54 a year earlier. Fee-related earnings reportedly surged 34%, with the fee margin reaching 51%. Hamilton Lane Q2 earnings
• Positive Sentiment: Total assets grew 7% year over year to $1.1 trillion, while evergreen platform AUM climbed 42% to nearly $21 billion, pointing to continued scale and growth in a key platform. Three key takeaways for long-term investors
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $120 from $116 and maintained an Outperform rating. Hamilton Lane also announced a quarterly dividend of $0.60 per share, equivalent to $2.40 annualized, extending its dividend-growth streak to nine years. Keefe, Bruyette & Woods rating Dividend increase analysis
• Neutral Sentiment: A new partnership with FactSet aims to provide integrated private-markets analytics. It could broaden Hamilton Lane’s reach, though the reports did not specify an expected near-term financial contribution. FactSet partnership announcement
• Negative Sentiment: Quarterly revenue of $204.43 million was below the roughly $215 million analyst consensus, despite growing 7.1% year over year. Commentary about uneven growth and questions about dividend durability amid a difficult private-markets environment remain risks. Revenue missed estimates

Hamilton Lane Company Profile

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.