Morgan Stanley raises its price target on Hamilton Lane (NASDAQ:HLNE) to $182.00

Hamilton Lane (NASDAQ:HLNE – Get a Free Report) had its price target boosted by analysts at Morgan Stanley from $140.00 to $182.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 4.90% from the company’s current price.

Other research analysts have recently issued research reports on the company. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. UBS Group lifted their price target on Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Wells Fargo & Company lifted their price target on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, Goldman Sachs Group lifted their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating. The company presently has an average rating of “Hold” and a consensus price target of $154.67, according to MarketBeat.

Read our latest research report on HLNE

Hamilton Lane price performance

Shares of HLNE traded down $1.64 during midday trading on Thursday, reaching $173.50. The company had a trading volume of 159,194 shares, compared to its average volume of 314,173. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 46.91 and a beta of 1.19. The stock has a 50-day moving average price of $152.39 and a 200-day moving average price of $132.22. Hamilton Lane has a 1 year low of $78.66 and a 1 year high of $177.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72, and a quick ratio of 2.72.

Hamilton Lane (NASDAQ:HLNE – Get Your Free Report ) last posted its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The company had revenue of $196.73 million for the quarter, compared to analysts’ expectations of $149.84 million. In the same quarter last year, the business posted earnings of $0.94 per share. equities research analysts expect that Hamilton Lane will post 4.88 earnings per share for the current year.

Hedge funds are stepping in on Hamilton Lane

A number of hedge funds and other institutional investors have recently made changes to their positions in HLNE. Covestor Ltd raised its stake in shares of Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after acquiring an additional 298 shares during the period. Quarry LP boosted its stake in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the period. Signaturefd LLC boosted its stake in Hamilton Lane by 13.1% in the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after purchasing an additional 73 shares during the period. CWM LLC boosted its stake in Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Hamilton Lane by 106.5% in the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after purchasing an additional 358 shares during the period. 97.40% of shares are owned by institutional investors and hedge funds.

Hamilton Lane Company Profile

(Get a free report)

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.

Further reading

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