Hamilton Lane Advisors (NASDAQ:HLNE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Hamilton Lane is an affiliate of Hamilton Lane Advisors, L.L.C. is an investment management firm which provide private market solutions. It operates primarily in U.S., Europe, Asia, Latin America and the Middle East. Hamilton Lane is based in Bala Cynwyd, United States. “

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Separately, Morgan Stanley reiterated an “equal weight” rating and set a $39.00 price target (up previously from $38.00) on shares of Hamilton Lane Advisors in a research note on Wednesday, March 7th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Hamilton Lane Advisors presently has a consensus rating of “Hold” and an average price target of $26.00.

Shares of HLNE stock opened at $36.94 on Wednesday. Hamilton Lane Advisors has a fifty-two week low of $17.32 and a fifty-two week high of $40.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $1,814.95 and a P/E ratio of 158.83.

Hamilton Lane Advisors (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.17. Hamilton Lane Advisors had a net margin of 2.09% and a return on equity of 70.74%. The company had revenue of $65.01 million for the quarter, compared to analysts’ expectations of $51.39 million. The company’s quarterly revenue was up 53.6% compared to the same quarter last year. analysts expect that Hamilton Lane Advisors will post 1.4 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of HLNE. Oppenheimer Asset Management Inc. purchased a new position in shares of Hamilton Lane Advisors during the 3rd quarter worth $160,000. JPMorgan Chase & Co. boosted its stake in shares of Hamilton Lane Advisors by 44.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock worth $163,000 after acquiring an additional 1,900 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Hamilton Lane Advisors during the 4th quarter worth $215,000. Jane Street Group LLC purchased a new position in shares of Hamilton Lane Advisors during the 4th quarter worth $225,000. Finally, Burgundy Asset Management Ltd. purchased a new position in shares of Hamilton Lane Advisors during the 3rd quarter worth $229,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

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Hamilton Lane Advisors Company Profile

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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