UBS Group Upgrades Hamilton Lane (NASDAQ:HLNE) to “Strong-Buy”

Hamilton Lane (NASDAQ:HLNE) was upgraded by investment analysts at UBS Group to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

HLNE has been the topic of several other research reports. Zacks Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings cut Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. The Goldman Sachs Group raised Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Thursday, November 6th. Finally, Morgan Stanley lowered their target price on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.13.

Hamilton Lane Trading Down 2.3%

HLNE traded down $3.11 during trading on Thursday, reaching $130.19. The company had a trading volume of 485,843 shares, compared to its average volume of 496,499. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.25. The business has a 50 day simple moving average of $123.30 and a 200-day simple moving average of $140.15. The stock has a market cap of $7.26 billion, a P/E ratio of 23.59 and a beta of 1.33. Hamilton Lane has a 52 week low of $111.98 and a 52 week high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.46. Hamilton Lane had a net margin of 31.12% and a return on equity of 29.43%. The business had revenue of $190.88 million for the quarter, compared to the consensus estimate of $171.86 million. On average, equities analysts anticipate that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Insider Buying and Selling at Hamilton Lane

In other news, CEO Juan Delgado-Moreira purchased 8,000 shares of the stock in a transaction on Friday, November 7th. The stock was bought at an average price of $130.35 per share, with a total value of $1,042,800.00. Following the transaction, the chief executive officer owned 1,314,447 shares in the company, valued at $171,338,166.45. The trade was a 0.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors have recently bought and sold shares of the business. WPG Advisers LLC purchased a new stake in Hamilton Lane in the first quarter valued at $26,000. Quarry LP lifted its holdings in shares of Hamilton Lane by 2,557.1% in the 3rd quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after buying an additional 179 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Hamilton Lane in the third quarter worth about $26,000. Cornerstone Planning Group LLC boosted its stake in shares of Hamilton Lane by 347.7% in the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock worth $27,000 after buying an additional 153 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Hamilton Lane by 920.0% during the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock worth $29,000 after acquiring an additional 184 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.