Hamilton Lane (NASDAQ:HLNE) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Hamilton Lane (NASDAQ:HLNE) had its price target upped by research analysts at Keefe, Bruyette & Woods from $116.00 to $120.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods‘s price target would suggest a potential upside of 35.39% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on HLNE. BMO Capital Markets decreased their price objective on Hamilton Lane from $116.00 to $95.00 and set an “outperform” rating on the stock in a report on Tuesday, October 27th. Zacks Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Morgan Stanley set a $118.00 price target on shares of Hamilton Lane in a research report on Friday, October 16th. Oppenheimer decreased their price target on shares of Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating on the stock in a research note on Thursday, August 27th. Finally, Wells Fargo & Company initiated coverage on shares of Hamilton Lane in a report on Friday, October 2nd. They issued an “overweight” rating and a $103.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $124.62.

Hamilton Lane Stock Up 0.9%

HLNE opened at $88.63 on Wednesday. The business’s fifty day simple moving average is $90.30 and its 200 day simple moving average is $97.50. Hamilton Lane has a 52 week low of $71.88 and a 52 week high of $155.66. 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 $4.92 billion, a PE ratio of 13.51 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.33. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%. The firm had revenue of $204.43 million during the quarter, compared to analyst estimates of $215.23 million. During the same quarter in the previous year, the company posted $1.54 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts expect that Hamilton Lane will post 7.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hamilton Lane

Large investors have recently bought and sold shares of the stock. Copeland Capital Management LLC lifted its position in Hamilton Lane by 52.5% in the third quarter. Copeland Capital Management LLC now owns 741,678 shares of the company’s stock valued at $64,422,000 after purchasing an additional 255,238 shares during the last quarter. Congress Asset Management Co. boosted its stake in shares of Hamilton Lane by 22.3% during the third quarter. Congress Asset Management Co. now owns 128,545 shares of the company’s stock valued at $11,165,000 after purchasing an additional 23,447 shares during the period. AXQ Capital LP bought a new position in shares of Hamilton Lane in the second quarter worth approximately $3,575,000. Squarepoint Ops LLC bought a new position in shares of Hamilton Lane in the second quarter worth approximately $24,063,000. Finally, Sei Investments Co. increased its stake in shares of Hamilton Lane by 37.4% in the first quarter. Sei Investments Co. now owns 406,425 shares of the company’s stock worth $40,399,000 after buying an additional 110,617 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Hamilton Lane

Here are the key news stories impacting Hamilton Lane this week:

• Positive Sentiment: Hamilton Lane earned $1.98 per share, above the roughly $1.65 analyst consensus and up from $1.54 a year earlier. Fee-related earnings rose 34%, and the fee margin reached 51%, pointing to strength in the company’s core fee business. Hamilton Lane Q2 earnings top estimates
• Positive Sentiment: The company declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a reported yield of about 2.7%. Hamilton Lane dividend target and partnership
• Positive Sentiment: Hamilton Lane and FactSet announced a strategic partnership to integrate private-markets analytics into FactSet’s portfolio workflow, potentially expanding the reach and use of Hamilton Lane’s data and analytics. FactSet and Hamilton Lane partnership
• Negative Sentiment: Quarterly revenue of $204.43 million missed analyst expectations of $215.23 million, despite increasing 7.1% year over year. The revenue miss tempers the otherwise strong per-share earnings result. Hamilton Lane sales below estimates

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.