Wells Fargo & Company Issues Pessimistic Forecast for Hamilton Lane (NASDAQ:HLNE) Stock Price

Hamilton Lane (NASDAQ:HLNE) had its price objective decreased by research analysts at Wells Fargo & Company from $194.00 to $163.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 12.72% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods decreased their target price on shares of Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating on the stock in a research note on Monday. JPMorgan Chase & Co. raised their price objective on shares of 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 downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a report on Monday, January 6th. UBS Group raised their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley upped their price objective on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and a consensus price target of $168.33.

Hamilton Lane Trading Up 2.5 %

NASDAQ:HLNE opened at $144.61 on Tuesday. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72. The business has a fifty day moving average price of $171.21 and a 200-day moving average price of $160.09. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 31.37 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 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 business had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. During the same quarter in the prior year, the business posted $0.89 earnings per share. The business’s quarterly revenue was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Hamilton Lane will post 4.87 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its position in shares of Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company’s stock worth $936,000 after buying an additional 3,922 shares in the last quarter. Retirement Systems of Alabama bought a new stake in Hamilton Lane in the 3rd quarter worth approximately $8,291,000. Icon Wealth Advisors LLC bought a new position in shares of Hamilton Lane during the 3rd quarter valued at approximately $819,000. Royce & Associates LP bought a new position in shares of Hamilton Lane during the 3rd quarter valued at approximately $538,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Hamilton Lane by 41.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock valued at $3,522,000 after purchasing an additional 6,178 shares in the last quarter. Institutional investors 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.