Analysts Set Hamilton Lane Inc. (NASDAQ:HLNE) Target Price at $155.38

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $155.3750.

HLNE has been the topic of several research analyst reports. Oppenheimer dropped their target price on Hamilton Lane from $230.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Morgan Stanley dropped their target price on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. BMO Capital Markets dropped their target price on Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. UBS Group dropped their target price on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a research note on Thursday, January 22nd.

Hamilton Lane Trading Up 0.0%

HLNE opened at $89.00 on Tuesday. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 15.98 and a beta of 1.18. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21. Hamilton Lane has a 12 month low of $85.90 and a 12 month high of $179.19. The stock has a fifty day moving average price of $99.52 and a 200-day moving average price of $120.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLNE. Artisan Partners Limited Partnership grew its stake in Hamilton Lane by 24.8% during the 3rd quarter. Artisan Partners Limited Partnership now owns 318,111 shares of the company’s stock valued at $42,878,000 after purchasing an additional 63,220 shares during the last quarter. SG Americas Securities LLC grew its stake in Hamilton Lane by 541.8% during the 4th quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock valued at $9,632,000 after purchasing an additional 60,542 shares during the last quarter. Champlain Investment Partners LLC grew its stake in Hamilton Lane by 33.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company’s stock valued at $187,140,000 after purchasing an additional 350,437 shares during the last quarter. Elo Mutual Pension Insurance Co purchased a new stake in Hamilton Lane during the 3rd quarter valued at about $1,528,000. Finally, Bessemer Group Inc. grew its stake in Hamilton Lane by 53.2% during the 3rd quarter. Bessemer Group Inc. now owns 202,998 shares of the company’s stock valued at $27,363,000 after purchasing an additional 70,493 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

About Hamilton Lane

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.