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

Hamilton Lane (NASDAQ:HLNE) had its price objective raised by analysts at Keefe, Bruyette & Woods from $161.00 to $170.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 17.23% from the company’s previous close.

Several other research analysts have also weighed in on the company. The Goldman Sachs Group raised Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Thursday, November 6th. Morgan Stanley cut their price objective on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. UBS Group assumed coverage on Hamilton Lane in a research note on Thursday, December 11th. They set a “buy” rating and a $166.00 target price for the company. Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Hamilton Lane presently has a consensus rating of “Moderate Buy” and an average target price of $161.63.

Hamilton Lane Trading Up 0.0%

Shares of HLNE traded up $0.01 during trading hours on Thursday, reaching $145.01. The stock had a trading volume of 28,622 shares, compared to its average volume of 488,620. The company has a market cap of $8.09 billion, a P/E ratio of 26.36 and a beta of 1.30. Hamilton Lane has a 52 week low of $111.98 and a 52 week high of $179.19. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $129.48 and a 200 day moving average of $138.65.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results 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. The firm had revenue of $190.88 million during the quarter, compared to analysts’ expectations of $171.86 million. Hamilton Lane had a return on equity of 29.43% and a net margin of 31.12%. On average, sell-side analysts expect that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Juan Delgado-Moreira purchased 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the completion of the transaction, the chief executive officer owned 1,314,447 shares of the company’s stock, valued at approximately $171,338,166.45. This trade represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 22.21% of the company’s stock.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in shares of Hamilton Lane by 8.6% during the second quarter. IFP Advisors Inc now owns 1,011 shares of the company’s stock worth $144,000 after buying an additional 80 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after purchasing an additional 95 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Hamilton Lane by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company’s stock valued at $1,734,000 after purchasing an additional 100 shares during the last quarter. KLP Kapitalforvaltning AS boosted its stake in shares of Hamilton Lane by 1.2% during the second quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company’s stock valued at $1,198,000 after purchasing an additional 100 shares in the last quarter. Finally, Vista Finance LLC boosted its stake in shares of Hamilton Lane by 4.1% during the second quarter. Vista Finance LLC now owns 2,568 shares of the company’s stock valued at $365,000 after purchasing an additional 100 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.