Hamilton Lane (NASDAQ:HLNE) Upgraded at Oppenheimer

Hamilton Lane (NASDAQ:HLNE) was upgraded by Oppenheimer from a “market perform” rating to an “outperform” rating in a report released on Tuesday, MarketBeat reports. The brokerage presently has a $186.00 price objective on the stock. Oppenheimer’s target price points to a potential upside of 23.79% from the stock’s previous close.

Several other analysts have also commented on HLNE. Wells Fargo & Company cut their target price on shares of Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a report on Monday, January 6th. Morgan Stanley upped their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, UBS Group lifted their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Hamilton Lane has an average rating of “Hold” and an average price target of $170.86.

Hamilton Lane Stock Up 0.4 %

Shares of HLNE stock opened at $150.26 on Tuesday. Hamilton Lane has a 1 year low of $103.42 and a 1 year 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 business’s fifty day moving average is $168.50 and its 200-day moving average is $160.85. The stock has a market cap of $8.33 billion, a PE ratio of 32.59 and a beta of 1.24.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. During the same period in the previous year, the company earned $0.89 earnings per share. Hamilton Lane’s revenue was up 18.2% compared to the same quarter last year. Equities analysts expect that Hamilton Lane will post 4.88 earnings per share for the current fiscal year.

Institutional Trading of Hamilton Lane

Several institutional investors have recently made changes to their positions in HLNE. Lifestyle Asset Management Inc. raised its holdings in shares of Hamilton Lane by 5.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock worth $224,000 after acquiring an additional 84 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Hamilton Lane by 41.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 2,513 shares of the company’s stock worth $372,000 after purchasing an additional 741 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Hamilton Lane during the 4th quarter worth about $30,350,000. Argent Capital Management LLC lifted its holdings in shares of Hamilton Lane by 34.2% during the 4th quarter. Argent Capital Management LLC now owns 12,151 shares of the company’s stock valued at $1,799,000 after buying an additional 3,094 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of Hamilton Lane by 35.2% in the 4th quarter. Park Avenue Securities LLC now owns 2,599 shares of the company’s stock valued at $385,000 after buying an additional 677 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.