Hamilton Lane Incorporated (NASDAQ:HLNE) Receives $90.80 Consensus PT from Analysts

Hamilton Lane Incorporated (NASDAQ:HLNE) has been given a consensus recommendation of “Buy” by the six analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $90.80.

A number of research analysts have issued reports on HLNE shares. Morgan Stanley lifted their price objective on Hamilton Lane from $88.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, April 22nd. Zacks Investment Research upgraded Hamilton Lane from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research report on Monday, April 19th. Finally, UBS Group boosted their price objective on Hamilton Lane from $91.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, April 14th.

In other news, major shareholder Oakville Number 2 Trust sold 75,000 shares of the firm’s stock in a transaction dated Thursday, March 4th. The stock was sold at an average price of $87.36, for a total transaction of $6,552,000.00. Following the sale, the insider now directly owns 635,015 shares in the company, valued at approximately $55,474,910.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Hartley R. Rogers sold 19,245 shares of the firm’s stock in a transaction dated Thursday, March 4th. The shares were sold at an average price of $87.36, for a total value of $1,681,243.20. Following the sale, the chairman now owns 34,081 shares in the company, valued at $2,977,316.16. The disclosure for this sale can be found here. Company insiders own 34.55% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLNE. Rational Advisors LLC purchased a new stake in shares of Hamilton Lane during the 4th quarter valued at approximately $48,000. Nisa Investment Advisors LLC lifted its position in Hamilton Lane by 169.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,510 shares of the company’s stock valued at $118,000 after acquiring an additional 950 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Hamilton Lane in the fourth quarter valued at $200,000. Pinnacle Financial Partners Inc. purchased a new stake in Hamilton Lane in the fourth quarter valued at $207,000. Finally, Teacher Retirement System of Texas purchased a new stake in Hamilton Lane in the first quarter valued at $242,000. 60.89% of the stock is currently owned by institutional investors and hedge funds.

HLNE opened at $89.55 on Friday. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 46.40 and a beta of 0.83. Hamilton Lane has a 1 year low of $59.64 and a 1 year high of $97.48. The stock’s 50 day simple moving average is $90.64 and its 200 day simple moving average is $82.39. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.19 and a quick ratio of 2.19.

About Hamilton Lane

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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Analyst Recommendations for Hamilton Lane (NASDAQ:HLNE)

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