Oppenheimer & Co. Inc. Invests $2.33 Million in Hamilton Lane Inc. $HLNE

Oppenheimer & Co. Inc. acquired a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) during the fourth quarter, HoldingsChannel reports. The firm acquired 17,332 shares of the company’s stock, valued at approximately $2,328,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HLNE. Millennium Management LLC raised its stake in shares of Hamilton Lane by 418.8% during the 3rd quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock worth $142,946,000 after purchasing an additional 856,112 shares in the last quarter. Champlain Investment Partners LLC raised its stake in shares of Hamilton Lane by 33.8% during the 3rd 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. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Hamilton Lane during the 4th quarter worth approximately $40,855,000. Deprince Race & Zollo Inc. bought a new stake in shares of Hamilton Lane during the 4th quarter worth approximately $40,480,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Hamilton Lane by 6,649.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 286,699 shares of the company’s stock worth $38,507,000 after purchasing an additional 282,451 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Down 1.6%

HLNE opened at $91.12 on Tuesday. Hamilton Lane Inc. has a 1-year low of $86.47 and a 1-year high of $179.19. The stock’s fifty day simple moving average is $100.31 and its 200 day simple moving average is $120.63. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.08 billion, a PE ratio of 16.36 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The business had revenue of $198.59 million for the quarter, compared to analysts’ expectations of $195.36 million. During the same quarter in the prior year, the business earned $1.25 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, research analysts expect that Hamilton Lane Inc. will post 6.2 earnings per share for the current year.

Analysts Set New Price Targets

HLNE has been the topic of a number of analyst reports. UBS Group dropped 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. JPMorgan Chase & Co. upgraded Hamilton Lane from a “neutral” rating to an “overweight” rating and set a $166.00 price target on the stock in a research note on Thursday, April 16th. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Oppenheimer dropped their price target 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. Finally, Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.38.

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.