Hamilton Lane Incorporated (NASDAQ:HLNE) had its price target raised by Morgan Stanley from $28.00 to $29.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential downside of 6.24% from the stock’s current price.
Several other analysts have also recently weighed in on HLNE. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 price target on shares of Hamilton Lane in a research note on Thursday, September 28th. Zacks Investment Research lowered shares of Hamilton Lane from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $24.00.
Hamilton Lane (HLNE) traded up $0.27 during mid-day trading on Wednesday, reaching $30.97. 57,582 shares of the company’s stock traded hands, compared to its average volume of 172,398. Hamilton Lane has a 12-month low of $17.32 and a 12-month high of $31.21. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.12 and a quick ratio of 1.12.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. Hamilton Lane had a net margin of 48.60% and a return on equity of 35.66%. The firm had revenue of $51.20 million during the quarter, compared to the consensus estimate of $48.64 million. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. equities research analysts predict that Hamilton Lane will post 1.13 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in HLNE. Wasatch Advisors Inc. acquired a new position in Hamilton Lane during the third quarter worth about $27,123,000. Vanguard Group Inc. purchased a new stake in Hamilton Lane in the second quarter valued at approximately $7,606,000. TimesSquare Capital Management LLC grew its stake in Hamilton Lane by 15.7% during the second quarter. TimesSquare Capital Management LLC now owns 1,534,585 shares of the company’s stock worth $33,746,000 after buying an additional 208,240 shares during the period. New York State Common Retirement Fund grew its stake in Hamilton Lane by 1,126.5% during the third quarter. New York State Common Retirement Fund now owns 181,522 shares of the company’s stock worth $4,874,000 after buying an additional 166,722 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in Hamilton Lane during the first quarter worth approximately $2,959,000. Institutional investors own 27.08% of the company’s stock.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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