Hamilton Lane (NASDAQ:HLNE) Price Target Lowered to $148.00 at JPMorgan Chase & Co.

Hamilton Lane (NASDAQ:HLNE) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $166.00 to $148.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 71.59% from the stock’s previous close.

Several other research firms have also commented on HLNE. Morgan Stanley cut their price objective on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. BMO Capital Markets cut their price objective on Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. UBS Group dropped their price target on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Zacks Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $153.13.

Hamilton Lane Price Performance

NASDAQ HLNE traded up $1.09 during trading hours on Monday, reaching $86.25. The company’s stock had a trading volume of 69,296 shares, compared to its average volume of 761,862. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 15.48 and a beta of 1.18. Hamilton Lane has a 1-year low of $84.08 and a 1-year high of $179.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27. The company’s 50-day moving average is $97.19 and its two-hundred day moving average is $118.66.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP grew its position in Hamilton Lane by 15.8% in the first quarter. Wasatch Advisors LP now owns 1,751,596 shares of the company’s stock worth $174,109,000 after acquiring an additional 239,397 shares during the period. Invesco Ltd. lifted its stake in Hamilton Lane by 7.3% during the third quarter. Invesco Ltd. now owns 1,534,836 shares of the company’s stock worth $206,880,000 after purchasing an additional 104,977 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in Hamilton Lane by 33.8% during the third quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company’s stock worth $187,140,000 after purchasing an additional 350,437 shares in the last quarter. State Street Corp lifted its stake in Hamilton Lane by 1.4% during the fourth quarter. State Street Corp now owns 1,293,854 shares of the company’s stock worth $174,458,000 after purchasing an additional 18,296 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Hamilton Lane by 1.7% during the first quarter. Principal Financial Group Inc. now owns 1,103,913 shares of the company’s stock worth $109,725,000 after purchasing an additional 18,063 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.