Hamilton Lane (NASDAQ:HLNE) Stock Bumped Down to Hold by Zacks Research

Hamilton Lane (NASDAQ:HLNE) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

Other analysts have also issued reports about the company. Morgan Stanley set a $118.00 target price on Hamilton Lane in a report on Friday. UBS Group decreased their price target on Hamilton Lane from $131.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Wells Fargo & Company began coverage on Hamilton Lane in a research note on Friday, October 2nd. They issued an “overweight” rating and a $103.00 price target for the company. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $105.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

Hamilton Lane Trading Up 1.8%

Shares of NASDAQ:HLNE opened at $83.70 on Monday. The business’s 50 day simple moving average is $94.25 and its 200 day simple moving average is $90.38. Hamilton Lane has a 1 year low of $71.88 and a 1 year high of $155.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49. The company has a market capitalization of $4.65 billion, a P/E ratio of 12.76 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.41. The firm had revenue of $275.33 million during the quarter, compared to analysts’ expectations of $221.94 million. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 EPS. On average, research analysts anticipate that Hamilton Lane will post 7.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in Hamilton Lane by 332.0% during the second quarter. IFP Advisors Inc now owns 419 shares of the company’s stock worth $33,000 after purchasing an additional 322 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Hamilton Lane in the 3rd quarter valued at $51,000. Harbor Investment Advisory LLC acquired a new stake in shares of Hamilton Lane in the 2nd quarter valued at $58,000. Blue Trust Inc. acquired a new stake in shares of Hamilton Lane in the 1st quarter valued at $75,000. Finally, GAMMA Investing LLC increased its stake in shares of Hamilton Lane by 80.1% in the 3rd quarter. GAMMA Investing LLC now owns 789 shares of the company’s stock valued at $69,000 after purchasing an additional 351 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.