Hamilton Lane (NASDAQ:HLNE) Raised to “Strong-Buy” at UBS Group

Hamilton Lane (NASDAQ:HLNE) was upgraded by research analysts at UBS Group to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group upgraded Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Thursday, November 6th. Morgan Stanley cut their target price on shares of Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $150.00 to $158.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Weiss Ratings lowered shares of Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Finally, BMO Capital Markets assumed coverage on shares of Hamilton Lane in a research report on Friday, October 3rd. They set an “outperform” rating and a $150.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Hamilton Lane has an average rating of “Moderate Buy” and an average price target of $160.13.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $130.19 on Thursday. The business has a 50-day moving average price of $123.30 and a two-hundred day moving average price of $140.15. Hamilton Lane has a 1-year low of $111.98 and a 1-year high of $179.19. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.25. The company has a market cap of $7.26 billion, a P/E ratio of 23.59 and a beta of 1.33.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.46. Hamilton Lane had a return on equity of 29.43% and a net margin of 31.12%.The company had revenue of $190.88 million for the quarter, compared to the consensus estimate of $171.86 million. As a group, analysts anticipate that Hamilton Lane will post 4.97 EPS for the current year.

Insider Activity at Hamilton Lane

In other Hamilton Lane news, CEO Juan Delgado-Moreira bought 8,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $130.35 per share, with a total value of $1,042,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,314,447 shares in the company, valued at approximately $171,338,166.45. The trade was a 0.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 22.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Hamilton Lane in the 1st quarter valued at $432,772,000. Millennium Management LLC grew its stake in shares of Hamilton Lane by 418.8% in the 3rd quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock worth $142,946,000 after acquiring an additional 856,112 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of Hamilton Lane in the first quarter valued at about $112,887,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Hamilton Lane by 63.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company’s stock valued at $189,555,000 after purchasing an additional 494,637 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Hamilton Lane during the second quarter valued at about $46,641,000. Institutional investors and hedge funds 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.