Hamilton Lane (NASDAQ:HLNE – Get Free Report) was upgraded by equities researchers at Oppenheimer from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, Marketbeat.com reports. The brokerage presently has a $186.00 price target on the stock. Oppenheimer’s price target indicates a potential upside of 23.79% from the company’s current price.
HLNE has been the subject of several other research reports. Wells Fargo & Company dropped their target price on shares of Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods reduced their target price on Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a report on Monday, January 6th. Finally, UBS Group raised their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.86.
Read Our Latest Stock Analysis on HLNE
Hamilton Lane Price Performance
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. During the same quarter last year, the company earned $0.89 earnings per share. Hamilton Lane’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities analysts anticipate that Hamilton Lane will post 4.88 EPS for the current fiscal year.
Institutional Investors Weigh In On Hamilton Lane
Large investors have recently added to or reduced their stakes in the stock. Quarry LP increased its stake in shares of Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the period. CWM LLC boosted its position in Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC grew its stake in shares of Hamilton Lane by 32.4% in the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after purchasing an additional 156 shares in the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of Hamilton Lane during the third quarter valued at $111,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Hamilton Lane during the third quarter valued at about $127,000. 97.40% of the stock is owned by institutional investors and hedge funds.
Hamilton Lane Company Profile
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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