Hamilton Lane (NASDAQ:HLNE) Given New $194.00 Price Target at Wells Fargo & Company

Hamilton Lane (NASDAQ:HLNE) had its price objective raised by research analysts at Wells Fargo & Company from $189.00 to $194.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 14.63% from the stock’s current price.

A number of other research firms also recently commented on HLNE. The Goldman Sachs Group upped their price objective on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. UBS Group boosted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley increased their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $184.33.

Hamilton Lane Stock Down 1.2 %

Shares of NASDAQ:HLNE opened at $169.24 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 36.71 and a beta of 1.19. The company has a 50 day moving average of $184.59 and a 200-day moving average of $155.18. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. On average, sell-side analysts forecast that Hamilton Lane will post 4.87 earnings per share for the current year.

Institutional Investors Weigh In On Hamilton Lane

Several large investors have recently made changes to their positions in HLNE. Cetera Advisors LLC acquired a new position in Hamilton Lane in the 1st quarter worth $245,000. Fifth Third Bancorp boosted its position in shares of Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after buying an additional 358 shares during the period. Argent Capital Management LLC grew its holdings in shares of Hamilton Lane by 50.8% during the second quarter. Argent Capital Management LLC now owns 7,963 shares of the company’s stock worth $984,000 after buying an additional 2,684 shares in the last quarter. EFG Asset Management North America Corp. grew its holdings in shares of Hamilton Lane by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock worth $2,125,000 after buying an additional 81 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Hamilton Lane by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 239,623 shares of the company’s stock valued at $29,613,000 after buying an additional 14,214 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.