Hamilton Lane (NASDAQ:HLNE) Rating Lowered to “Hold” at Zacks Research

Hamilton Lane (NASDAQ:HLNE) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

A number of other equities analysts also recently weighed in on HLNE. The Goldman Sachs Group reissued a “buy” rating and set a $117.00 price target on shares of Hamilton Lane in a research report on Friday, October 2nd. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $105.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. UBS Group cut their price objective on Hamilton Lane from $131.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Morgan Stanley set a $118.00 target price on Hamilton Lane in a research note on Friday. Finally, BMO Capital Markets set a $94.00 target price on Hamilton Lane in a research note on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Hamilton Lane Stock Performance

Shares of HLNE opened at $83.70 on Monday. The company has a market cap of $4.65 billion, a PE ratio of 12.76 and a beta of 1.23. The firm has a 50-day moving average of $94.25 and a 200-day moving average of $90.38. Hamilton Lane has a one year low of $71.88 and a one year high of $155.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.41. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The company had revenue of $275.33 million for the quarter, compared to analysts’ expectations of $221.94 million. During the same period in the prior year, the firm earned $1.47 EPS. Hamilton Lane’s quarterly revenue was up 56.5% compared to the same quarter last year. As a group, equities analysts forecast that Hamilton Lane will post 7.54 earnings per share for the current year.

Institutional Trading of Hamilton Lane

A number of hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake in shares of Hamilton Lane by 0.3% in the first quarter. Public Employees Retirement System of Ohio now owns 44,678 shares of the company’s stock valued at $4,441,000 after acquiring an additional 115 shares in the last quarter. Empowered Funds LLC raised its stake in Hamilton Lane by 0.6% in the 1st quarter. Empowered Funds LLC now owns 21,114 shares of the company’s stock worth $2,099,000 after purchasing an additional 122 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co raised its stake in Hamilton Lane by 8.6% in the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,150 shares of the company’s stock worth $313,000 after purchasing an additional 250 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Hamilton Lane by 3.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,400 shares of the company’s stock worth $835,000 after purchasing an additional 276 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Hamilton Lane by 332.0% in the 2nd quarter. IFP Advisors Inc now owns 419 shares of the company’s stock valued at $33,000 after purchasing an additional 322 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

About Hamilton Lane

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.