Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Hamilton Lane (NASDAQ:HLNE) Stock

Key Points

• Keefe, Bruyette & Woods raised its price target on Hamilton Lane from $116 to $120 and maintained an “outperform” rating, implying about 35% upside from the quoted share price.
• Analyst sentiment is generally positive: seven analysts rate HLNE a Buy and three a Hold, with a consensus price target of $124.62 and a “Moderate Buy” consensus rating.
• Hamilton Lane reported quarterly EPS of $1.98, beating the $1.65 estimate, but revenue of $204.43 million came in below expectations of $215.23 million; revenue still rose 7.1% year over year.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) had its target price boosted by stock analysts at Keefe, Bruyette & Woods from $116.00 to $120.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods's price target suggests a potential upside of 35.39% from the company's current price.

Several other brokerages also recently commented on HLNE. UBS Group cut their target price on Hamilton Lane from $131.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, October 13th. Morgan Stanley set a $118.00 price target on shares of Hamilton Lane in a report on Friday, October 16th. The Goldman Sachs Group restated a "buy" rating and set a $117.00 price objective on shares of Hamilton Lane in a report on Friday, October 2nd. BMO Capital Markets decreased their target price on shares of Hamilton Lane from $116.00 to $95.00 and set an "outperform" rating for the company in a research report on Tuesday, October 27th. Finally, Oppenheimer lowered their price target on Hamilton Lane from $182.00 to $181.00 and set an "outperform" rating for the company in a research report on Thursday, August 27th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.62.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $88.63 on Wednesday. The firm has a 50 day simple moving average of $90.30 and a 200 day simple moving average of $97.50. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 13.51 and a beta of 1.16. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49. Hamilton Lane has a one year low of $71.88 and a one year high of $155.66.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.33. The business had revenue of $204.43 million for the quarter, compared to analyst estimates of $215.23 million. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%. Hamilton Lane's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS. Research analysts predict that Hamilton Lane will post 7.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in shares of Hamilton Lane in the 3rd quarter valued at about $27,000. IFP Advisors Inc grew its holdings in shares of Hamilton Lane by 332.0% during the second quarter. IFP Advisors Inc now owns 419 shares of the company's stock worth $33,000 after purchasing an additional 322 shares in the last quarter. Fortitude Family Office LLC purchased a new position in shares of Hamilton Lane during the third quarter worth about $51,000. Harbor Investment Advisory LLC bought a new position in shares of Hamilton Lane in the second quarter worth approximately $58,000. Finally, GAMMA Investing LLC increased its position in shares of Hamilton Lane by 80.1% in the third quarter. GAMMA Investing LLC now owns 789 shares of the company's stock worth $69,000 after purchasing an additional 351 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Hamilton Lane

Here are the key news stories impacting Hamilton Lane this week:

• Positive Sentiment: Hamilton Lane earned $1.98 per share, above the roughly $1.65 analyst consensus and up from $1.54 a year earlier. Fee-related earnings rose 34%, and the fee margin reached 51%, pointing to strength in the company’s core fee business. Hamilton Lane Q2 earnings top estimates
• Positive Sentiment: The company declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a reported yield of about 2.7%. Hamilton Lane dividend target and partnership
• Positive Sentiment: Hamilton Lane and FactSet announced a strategic partnership to integrate private-markets analytics into FactSet’s portfolio workflow, potentially expanding the reach and use of Hamilton Lane’s data and analytics. FactSet and Hamilton Lane partnership
• Negative Sentiment: Quarterly revenue of $204.43 million missed analyst expectations of $215.23 million, despite increasing 7.1% year over year. The revenue miss tempers the otherwise strong per-share earnings result. Hamilton Lane sales below estimates

Hamilton Lane Company Profile

Hamilton Lane Incorporated NASDAQ: HLNE is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.