Hamilton Lane (NASDAQ:HLNE) Price Target Cut to $152.00 by Analysts at Wells Fargo & Company

Hamilton Lane (NASDAQ:HLNE) had its target price dropped by equities research analysts at Wells Fargo & Company from $169.00 to $152.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 1.89% from the stock’s current price.

HLNE has been the subject of a number of other research reports. The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $170.71.

Hamilton Lane Trading Down 0.9 %

Shares of NASDAQ:HLNE traded down $1.39 during trading hours on Thursday, hitting $149.18. 260,749 shares of the company’s stock traded hands, compared to its average volume of 376,341. Hamilton Lane has a 1 year low of $105.65 and a 1 year high of $203.72. The business has a fifty day moving average price of $152.86 and a 200-day moving average price of $164.82. The firm has a market capitalization of $8.27 billion, a P/E ratio of 27.52 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company’s revenue was up 34.3% on a year-over-year basis. Equities analysts expect that Hamilton Lane will post 4.97 earnings per share for the current year.

Institutional Trading of Hamilton Lane

A number of hedge funds have recently bought and sold shares of HLNE. FMR LLC grew its stake in shares of Hamilton Lane by 239.9% in the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after buying an additional 3,922 shares during the period. Retirement Systems of Alabama purchased a new stake in shares of Hamilton Lane in the 3rd quarter valued at approximately $8,291,000. Icon Wealth Advisors LLC purchased a new stake in shares of Hamilton Lane in the 3rd quarter valued at approximately $819,000. Royce & Associates LP purchased a new stake in shares of Hamilton Lane in the 3rd quarter valued at approximately $538,000. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of Hamilton Lane by 41.9% in the 3rd 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 buying an additional 6,178 shares during the period. 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.