Wells Fargo & Company Lowers Hamilton Lane (NASDAQ:HLNE) Price Target to $152.00

Hamilton Lane (NASDAQ:HLNE) had its price target dropped by stock analysts at Wells Fargo & Company from $169.00 to $152.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 0.90% from the company’s previous close.

HLNE has been the topic of several other reports. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research note on Monday, January 6th. Keefe, Bruyette & Woods boosted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Finally, Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $170.71.

Hamilton Lane Stock Performance

Shares of HLNE opened at $150.64 on Thursday. The stock has a 50 day moving average of $153.10 and a 200 day moving average of $164.70. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane has a 12 month low of $107.22 and a 12 month high of $203.72. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 27.79 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business’s revenue was up 34.3% compared to the same quarter last year. During the same period last year, the firm posted $0.71 EPS. As a group, sell-side analysts forecast that Hamilton Lane will post 4.97 earnings per share for the current year.

Institutional Investors Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in Hamilton Lane by 239.9% during the third quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after buying an additional 3,922 shares during the period. Retirement Systems of Alabama purchased a new stake in shares of Hamilton Lane in the 3rd quarter valued at about $8,291,000. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane during the 3rd quarter valued at about $819,000. Royce & Associates LP bought a new stake in shares of Hamilton Lane during the 3rd quarter valued at about $538,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Hamilton Lane by 41.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock worth $3,522,000 after purchasing an additional 6,178 shares in the last quarter. 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.