Hamilton Lane (NASDAQ:HLNE) Price Target Lowered to $118.00 at BMO Capital Markets

Hamilton Lane (NASDAQ:HLNE) had its target price dropped by research analysts at BMO Capital Markets from $148.00 to $118.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 19.76% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. UBS Group dropped their price target on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Morgan Stanley set a $159.00 price objective on Hamilton Lane in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $165.00.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE traded down $3.48 during midday trading on Tuesday, reaching $98.53. The company had a trading volume of 212,707 shares, compared to its average volume of 705,786. The stock has a market cap of $5.50 billion, a P/E ratio of 17.70 and a beta of 1.32. The company’s 50 day moving average price is $123.13 and its 200 day moving average price is $128.53. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21. Hamilton Lane has a 52-week low of $92.77 and a 52-week high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.27. The business had revenue of $198.59 million during the quarter, compared to the consensus estimate of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.25 earnings per share. As a group, sell-side analysts anticipate that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its stake in Hamilton Lane by 152.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,368 shares of the company’s stock worth $318,000 after acquiring an additional 1,429 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Hamilton Lane by 12.5% during the 4th quarter. Pacer Advisors Inc. now owns 5,995 shares of the company’s stock worth $805,000 after acquiring an additional 665 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Hamilton Lane in the fourth quarter worth $279,000. Fuller & Thaler Asset Management Inc. increased its stake in Hamilton Lane by 39.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 60,401 shares of the company’s stock valued at $8,113,000 after acquiring an additional 17,002 shares during the last quarter. Finally, Empowered Funds LLC raised its position in Hamilton Lane by 2.8% during the fourth quarter. Empowered Funds LLC now owns 20,992 shares of the company’s stock valued at $2,819,000 after purchasing an additional 571 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

About Hamilton Lane

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.