Keefe, Bruyette & Woods Issues Pessimistic Forecast for Hamilton Lane (NASDAQ:HLNE) Stock Price

Hamilton Lane (NASDAQ:HLNE) had its price objective cut by equities research analysts at Keefe, Bruyette & Woods from $167.00 to $158.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 11.95% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Morgan Stanley raised their price objective on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. The Goldman Sachs Group cut 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. UBS Group increased their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company increased their price target on Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $168.33.

Hamilton Lane Price Performance

HLNE opened at $141.14 on Monday. Hamilton Lane has a 1 year low of $103.42 and a 1 year high of $203.72. The company’s 50 day simple moving average is $172.95 and its 200 day simple moving average is $160.08. The stock has a market capitalization of $7.82 billion, a PE ratio of 30.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $150.00 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $0.89 EPS. As a group, sell-side analysts expect that Hamilton Lane will post 4.87 EPS for the current year.

Institutional Trading of Hamilton Lane

A number of hedge funds and other institutional investors have recently modified their holdings of HLNE. Quarry LP boosted its holdings in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the last quarter. CWM LLC boosted its stake in shares of Hamilton Lane by 24.7% during 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 last quarter. GAMMA Investing LLC grew its position in shares of Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after buying an additional 156 shares in the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane in the third quarter worth $111,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Hamilton Lane in the third quarter valued at $127,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.