JPMorgan Chase & Co. Issues Positive Forecast for Hamilton Lane (NASDAQ:HLNE) Stock Price

Hamilton Lane (NASDAQ:HLNE) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $134.00 to $175.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 8.23% from the company’s previous close.

Several other research firms also recently commented on HLNE. UBS Group raised their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday. The Goldman Sachs Group boosted their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley boosted their price target on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $179.00.

Hamilton Lane Trading Down 1.0 %

Shares of HLNE traded down $1.93 during midday trading on Thursday, hitting $190.70. The stock had a trading volume of 174,784 shares, compared to its average volume of 315,617. The firm has a market cap of $10.34 billion, a PE ratio of 43.60 and a beta of 1.18. Hamilton Lane has a 1 year low of $86.20 and a 1 year high of $196.60. The stock’s 50 day moving average is $167.61 and its 200 day moving average is $141.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. As a group, analysts forecast that Hamilton Lane will post 4.9 EPS for the current fiscal year.

Institutional Trading of Hamilton Lane

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Hamilton Lane by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after purchasing an additional 283,190 shares during the last quarter. American Century Companies Inc. raised its stake in Hamilton Lane by 30.3% during the 2nd quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock worth $71,772,000 after acquiring an additional 135,040 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Hamilton Lane during the 1st quarter worth $11,445,000. Principal Financial Group Inc. increased its stake in Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after purchasing an additional 97,924 shares during the period. Finally, Capital World Investors acquired a new position in Hamilton Lane in the first quarter valued at $9,724,000. 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.