Hamilton Lane (NASDAQ:HLNE) Stock Gets Downgrade from Zacks Research

Hamilton Lane (NASDAQ:HLNE) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

Other research analysts have also recently issued research reports about the company. Weiss Ratings upgraded Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $117.00 target price on shares of Hamilton Lane in a research note on Friday, October 2nd. UBS Group cut their target price on Hamilton Lane from $131.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $105.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Oppenheimer reduced their price target on Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating for the company in a report on Thursday, August 27th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Hamilton Lane currently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Hamilton Lane Stock Performance

Shares of HLNE opened at $83.70 on Monday. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.65 billion, a P/E ratio of 12.76 and a beta of 1.23. The business’s 50 day moving average price is $94.25 and its 200-day moving average price is $90.38. Hamilton Lane has a 52 week low of $71.88 and a 52 week high of $155.66.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.41. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%. The company had revenue of $275.33 million during the quarter, compared to analyst estimates of $221.94 million. During the same quarter last year, the company earned $1.47 EPS. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. Equities research analysts anticipate that Hamilton Lane will post 7.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in shares of Hamilton Lane by 33.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,308 shares of the company’s stock valued at $114,000 after buying an additional 326 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Hamilton Lane by 35.0% during the third quarter. State of Alaska Department of Revenue now owns 5,407 shares of the company’s stock valued at $468,000 after acquiring an additional 1,403 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Hamilton Lane during the third quarter valued at approximately $27,027,000. Fortitude Family Office LLC purchased a new position in Hamilton Lane in the 3rd quarter worth approximately $51,000. Finally, Copeland Capital Management LLC raised its holdings in Hamilton Lane by 52.5% in the 3rd quarter. Copeland Capital Management LLC now owns 741,678 shares of the company’s stock worth $64,422,000 after acquiring an additional 255,238 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Company Profile

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.