Hamilton Lane (NASDAQ:HLNE) Given New $152.00 Price Target at Wells Fargo & Company

Hamilton Lane (NASDAQ:HLNE - Get Free Report) had its price objective reduced by equities researchers at Wells Fargo & Company from $169.00 to $152.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price would indicate a potential downside of 2.50% from the stock's previous close.

HLNE has been the topic of a number of other reports. The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price on the stock. in a research note on Monday, January 6th. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Finally, Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective on the stock in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Hamilton Lane has an average rating of "Hold" and a consensus price target of $170.71.

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Hamilton Lane Stock Performance

Shares of Hamilton Lane stock traded up $5.25 during midday trading on Thursday, hitting $155.89. The company had a trading volume of 457,284 shares, compared to its average volume of 381,807. Hamilton Lane has a 12-month low of $107.22 and a 12-month high of $203.72. The company has a fifty day simple moving average of $153.10 and a 200 day simple moving average of $164.92. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 28.76 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The business's quarterly revenue was up 34.3% compared to the same quarter last year. As a group, analysts predict that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of Hamilton Lane by 15.7% in the third quarter. Victory Capital Management Inc. now owns 10,667 shares of the company's stock valued at $1,796,000 after buying an additional 1,451 shares in the last quarter. KBC Group NV increased its holdings in Hamilton Lane by 18.0% during the 3rd quarter. KBC Group NV now owns 1,141 shares of the company's stock valued at $192,000 after acquiring an additional 174 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Hamilton Lane during the 3rd quarter valued at $217,000. Royce & Associates LP purchased a new position in Hamilton Lane during the third quarter worth $538,000. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Hamilton Lane in the third quarter worth $3,688,000. Institutional investors and hedge funds own 97.40% of the company's stock.

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.