Hamilton Lane (NASDAQ:HLNE) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Hamilton Lane (NASDAQ:HLNE) had its price target raised by research analysts at Keefe, Bruyette & Woods from $150.00 to $158.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 20.57% from the company’s previous close.

A number of other research analysts have also issued reports on HLNE. JPMorgan Chase & Co. cut their price target on shares of Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. The Goldman Sachs Group upgraded Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Thursday. Weiss Ratings downgraded Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Morgan Stanley cut their price objective on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 21st. Finally, BMO Capital Markets started coverage on Hamilton Lane in a research report on Friday, October 3rd. They issued an “outperform” rating and a $150.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $159.29.

Hamilton Lane Stock Up 2.5%

Shares of Hamilton Lane stock traded up $3.19 during trading on Thursday, reaching $131.04. The company’s stock had a trading volume of 733,098 shares, compared to its average volume of 542,528. Hamilton Lane has a 1-year low of $111.98 and a 1-year high of $203.72. The company has a 50-day simple moving average of $132.37 and a two-hundred day simple moving average of $146.13. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 25.20 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.46. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The company had revenue of $190.88 million during the quarter, compared to analysts’ expectations of $171.86 million. As a group, equities analysts forecast that Hamilton Lane will post 4.97 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the sale, the insider owned 330,015 shares of the company’s stock, valued at $48,350,497.65. This trade represents a 31.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 22.21% of the company’s stock.

Institutional Trading of Hamilton Lane

Hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System increased its holdings in Hamilton Lane by 11.3% in the first quarter. New York State Teachers Retirement System now owns 7,880 shares of the company’s stock valued at $1,172,000 after buying an additional 800 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Hamilton Lane during the 1st quarter valued at about $225,000. Bank of New York Mellon Corp increased its stake in shares of Hamilton Lane by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 359,694 shares of the company’s stock valued at $53,476,000 after purchasing an additional 3,468 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Hamilton Lane by 13.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 216,568 shares of the company’s stock worth $32,197,000 after purchasing an additional 25,867 shares during the period. Finally, Bridges Investment Management Inc. raised its holdings in Hamilton Lane by 111.3% in the 1st quarter. Bridges Investment Management Inc. now owns 11,845 shares of the company’s stock worth $1,761,000 after purchasing an additional 6,238 shares during the period. 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.