Keefe, Bruyette & Woods Lowers Hamilton Lane (NASDAQ:HLNE) Price Target to $158.00

Hamilton Lane (NASDAQ:HLNE) had its target price decreased by investment analysts at Keefe, Bruyette & Woods from $167.00 to $158.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 14.54% from the company’s current price.

HLNE has been the topic of a number of other reports. The Goldman Sachs Group downgraded 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 note on Monday, January 6th. Wells Fargo & Company upped their target price on Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. UBS Group lifted their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley raised their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $173.50.

Hamilton Lane Trading Down 1.3 %

Shares of NASDAQ:HLNE traded down $1.82 during mid-day trading on Monday, hitting $137.94. The stock had a trading volume of 100,435 shares, compared to its average volume of 320,753. The company’s 50 day moving average is $173.77 and its 200-day moving average is $159.96. Hamilton Lane has a 12-month low of $103.42 and a 12-month high of $203.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The company has a market cap of $7.65 billion, a PE ratio of 29.92 and a beta of 1.24.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HLNE. Wellington Management Group LLP lifted its holdings in shares of Hamilton Lane by 31.1% during the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after buying an additional 413,015 shares during the last quarter. State Street Corp boosted its holdings in Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after purchasing an additional 489,557 shares during the period. Geode Capital Management LLC grew its position in Hamilton Lane by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after purchasing an additional 25,657 shares during the last quarter. Copeland Capital Management LLC increased its holdings in shares of Hamilton Lane by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock worth $145,388,000 after purchasing an additional 7,106 shares during the period. Finally, Fred Alger Management LLC raised its position in shares of Hamilton Lane by 10.5% during the second quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock valued at $84,964,000 after buying an additional 65,151 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

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.