Hamilton Lane (NASDAQ:HLNE) PT Raised to $126.00 at Morgan Stanley

Hamilton Lane (NASDAQ:HLNEGet Free Report) had its price objective upped by stock analysts at Morgan Stanley from $102.00 to $126.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 9.00% from the company’s current price.

A number of other analysts have also weighed in on HLNE. Oppenheimer lowered Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. increased their target price on Hamilton Lane from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 8th. Finally, Wells Fargo & Company increased their target price on Hamilton Lane from $99.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Hamilton Lane presently has an average rating of “Hold” and a consensus price target of $101.50.

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Hamilton Lane Price Performance

HLNE stock traded down $0.16 during midday trading on Wednesday, hitting $115.60. The company’s stock had a trading volume of 110,411 shares, compared to its average volume of 198,451. Hamilton Lane has a 12 month low of $62.47 and a 12 month high of $121.06. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 37.91 and a beta of 1.18. The company has a 50 day moving average of $107.16 and a two-hundred day moving average of $95.12.

Hamilton Lane (NASDAQ:HLNEGet Free Report) last posted its earnings results on Tuesday, November 7th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). The firm had revenue of $126.88 million for the quarter, compared to the consensus estimate of $127.32 million. Hamilton Lane had a net margin of 25.61% and a return on equity of 29.38%. On average, analysts expect that Hamilton Lane will post 3.59 EPS for the current year.

Institutional Trading of Hamilton Lane

Institutional investors have recently made changes to their positions in the company. FMR LLC boosted its stake in Hamilton Lane by 44.6% during the second quarter. FMR LLC now owns 600 shares of the company’s stock worth $40,000 after buying an additional 185 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Hamilton Lane by 321.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 611 shares of the company’s stock valued at $48,000 after purchasing an additional 466 shares during the last quarter. Pinebridge Investments L.P. acquired a new position in shares of Hamilton Lane in the 2nd quarter valued at $49,000. State of Wyoming lifted its stake in shares of Hamilton Lane by 21.0% in the 4th quarter. State of Wyoming now owns 1,171 shares of the company’s stock valued at $75,000 after purchasing an additional 203 shares during the last quarter. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Hamilton Lane in the 3rd quarter valued at $104,000. 67.13% of the stock is owned by institutional investors and hedge funds.

About Hamilton Lane

(Get Free Report)

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.

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