Zacks Research Downgrades Hamilton Lane (NASDAQ:HLNE) to Hold

Hamilton Lane (NASDAQ:HLNE) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

HLNE has been the subject of several other reports. JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Keefe, Bruyette & Woods lifted 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hamilton Lane in a research note on Thursday, January 22nd. Oppenheimer lifted their target price on Hamilton Lane from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, BMO Capital Markets cut their target price 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. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Hamilton Lane has an average rating of “Moderate Buy” and a consensus price target of $165.00.

Hamilton Lane Stock Up 2.2%

Shares of HLNE stock traded up $2.12 on Monday, hitting $98.69. The stock had a trading volume of 74,495 shares, compared to its average volume of 689,843. 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 price of $111.42 and a 200 day moving average price of $124.52. The company has a market cap of $5.50 billion, a PE ratio of 17.71 and a beta of 1.33. Hamilton Lane has a one year low of $90.47 and a one year high of $179.19.

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

Institutional Investors Weigh In On Hamilton Lane

Large investors have recently bought and sold shares of the company. Quarry LP boosted its position 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 stake in Hamilton Lane in the third quarter valued at approximately $26,000. Cornerstone Planning Group LLC boosted its position in Hamilton Lane by 347.7% in the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after buying an additional 153 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Hamilton Lane by 80.5% in the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after buying an additional 95 shares during the last quarter. Finally, First Horizon Corp purchased a new stake in Hamilton Lane in the third quarter valued at approximately $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.