The Goldman Sachs Group Downgrades Hamilton Lane (NASDAQ:HLNE) to Sell

Hamilton Lane (NASDAQ:HLNE) was downgraded by equities researchers at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note issued to investors on Monday,Briefing.com Automated Import reports. They presently have a $139.00 price target on the stock. The Goldman Sachs Group’s target price would indicate a potential downside of 7.50% from the stock’s previous close.

HLNE has been the subject of several other research reports. UBS Group boosted their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods lowered their price objective on Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating on the stock in a research report on Friday, December 20th. Morgan Stanley raised their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Wells Fargo & Company boosted their target price on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $175.00.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $150.27 on Monday. Hamilton Lane has a twelve month low of $103.42 and a twelve month high of $203.72. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The company has a market cap of $8.33 billion, a PE ratio of 32.60 and a beta of 1.24. The company’s 50 day moving average is $177.32 and its 200 day moving average is $158.96.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, sell-side analysts forecast that Hamilton Lane will post 4.87 EPS for the current year.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after buying an additional 97,924 shares in the last quarter. Retirement Systems of Alabama acquired a new stake in shares of Hamilton Lane in the third quarter worth approximately $8,291,000. Oddo BHF Asset Management Sas purchased a new stake in shares of Hamilton Lane during the third quarter worth approximately $2,397,000. Franklin Resources Inc. raised its stake in Hamilton Lane by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 184,836 shares of the company’s stock valued at $32,746,000 after purchasing an additional 15,554 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Hamilton Lane in the 3rd quarter valued at $310,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.