Hamilton Lane (NASDAQ:HLNE) Price Target Cut to $161.00 by Analysts at Wells Fargo & Company

Hamilton Lane (NASDAQ:HLNE) had its target price cut by investment analysts at Wells Fargo & Company from $166.00 to $161.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 7.50% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley lowered their price target on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Finally, Oppenheimer downgraded Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $166.14.

Hamilton Lane Trading Down 4.0%

Shares of HLNE stock opened at $149.77 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane has a 52-week low of $114.85 and a 52-week high of $203.72. The company has a market capitalization of $8.30 billion, a PE ratio of 27.63 and a beta of 1.31. The business’s fifty day moving average is $152.75 and its 200 day moving average is $158.13.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $197.97 million for the quarter, compared to the consensus estimate of $165.49 million. During the same quarter last year, the business posted $1.38 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts anticipate that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Hamilton Lane

A number of large investors have recently added to or reduced their stakes in HLNE. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Hamilton Lane by 252.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock worth $26,000 after buying an additional 126 shares during the period. WPG Advisers LLC purchased a new position in shares of Hamilton Lane in the first quarter worth about $26,000. Versant Capital Management Inc purchased a new position in shares of Hamilton Lane in the first quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Hamilton Lane in the first quarter worth about $33,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in shares of Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after buying an additional 61 shares during the period. Hedge funds and other 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.