Hamilton Lane Inc. (HLNE) Rating Lowered to Hold at Zacks Investment Research
Hamilton Lane Inc. (NASDAQ:HLNE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Hamilton Lane is an affiliate of Hamilton Lane Advisors, L.L.C. is an investment management firm which provide private market solutions. It operates primarily in U.S., Europe, Asia, Latin America and the Middle East. Hamilton Lane is based in Bala Cynwyd, United States. “
Separately, Morgan Stanley reissued an “overweight” rating and set a $23.00 price objective (down from $24.00) on shares of Hamilton Lane in a research note on Monday, July 10th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Hamilton Lane currently has an average rating of “Hold” and an average target price of $22.20.
Shares of Hamilton Lane (HLNE) opened at 23.02 on Tuesday. The stock has a 50 day moving average price of $22.92 and a 200 day moving average price of $20.16. Hamilton Lane has a 52 week low of $17.74 and a 52 week high of $23.20. The firm has a market capitalization of $443.48 million and a PE ratio of 73.08.
Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The company had revenue of $52.70 million for the quarter, compared to analysts’ expectations of $50.69 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. Equities analysts forecast that Hamilton Lane will post $1.08 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of HLNE. TimesSquare Capital Management LLC acquired a new position in shares of Hamilton Lane during the 1st quarter valued at $24,763,000. TPG Group Holdings SBS Advisors Inc. acquired a new position in shares of Hamilton Lane during the 1st quarter valued at $21,339,000. Alliancebernstein L.P. acquired a new position in shares of Hamilton Lane during the 1st quarter valued at $12,141,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Hamilton Lane during the 1st quarter valued at $9,153,000. Finally, Wellington Management Group LLP acquired a new position in shares of Hamilton Lane during the 1st quarter valued at $7,615,000. Institutional investors and hedge funds own 66.67% 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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