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

Hamilton Lane (NASDAQ:HLNE) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $166.00 to $148.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 71.59% from the company’s current price.

A number of other research analysts have also recently commented on HLNE. Morgan Stanley decreased their price target 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 reduced their price objective 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 reduced their price objective 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hamilton Lane in a research note on Thursday, January 22nd. Finally, Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $153.13.

Hamilton Lane Trading Up 1.3%

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

Hedge Funds Weigh In On Hamilton Lane

Large investors have recently bought and sold shares of the business. Quarry LP increased its holdings in Hamilton Lane by 2,557.1% in the third quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after buying an additional 179 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Hamilton Lane during the third quarter worth about $26,000. Cornerstone Planning Group LLC grew its holdings in shares of Hamilton Lane by 347.7% during the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock worth $27,000 after purchasing an additional 153 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Hamilton Lane by 80.5% during the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after purchasing an additional 95 shares during the last quarter. Finally, First Horizon Corp purchased a new position in shares of Hamilton Lane during the third quarter worth about $31,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.