Hamilton Lane (NASDAQ:HLNE) Coverage Initiated at BMO Capital Markets

Key Points

• BMO Capital Markets has initiated coverage on Hamilton Lane (NASDAQ:HLNE) with an "outperform" rating and a price target of $150.00, indicating an anticipated upside of 18.53% from its previous close.
• In recent analyst activity, Hamilton Lane received a mix of ratings, with one analyst giving a "Strong Buy," while others ranged from "sell" to "neutral," leading to a consensus rating of "Hold."
• Hamilton Lane reported a quarterly earnings surprise, posting an EPS of $1.31, exceeding estimates by $0.33, alongside revenue growth of 11.8% year-over-year.

Investment analysts at BMO Capital Markets started coverage on shares of Hamilton Lane (NASDAQ:HLNE - Get Free Report) in a research note issued on Friday,Benzinga reports. The brokerage set an "outperform" rating and a $150.00 price target on the stock. BMO Capital Markets' target price suggests a potential upside of 18.53% from the stock's previous close.

Several other analysts also recently weighed in on HLNE. Wall Street Zen downgraded shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research report on Saturday, September 20th. Wells Fargo & Company boosted their target price on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. dropped their target price on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group raised shares of Hamilton Lane from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $149.00 to $162.00 in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Hamilton Lane presently has a consensus rating of "Hold" and an average price target of $164.38.

Hamilton Lane Trading Down 1.7%

NASDAQ HLNE opened at $126.55 on Friday. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The firm has a market cap of $7.05 billion, a PE ratio of 24.34 and a beta of 1.20. The company has a 50 day moving average price of $150.01 and a 200 day moving average price of $150.21. Hamilton Lane has a 52 week low of $124.10 and a 52 week high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.98 by $0.33. The firm had revenue of $196.73 million during the quarter, compared to analyst estimates of $166.96 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. Hamilton Lane's revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.47 EPS. As a group, sell-side analysts forecast that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Insider Activity at Hamilton Lane

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the sale, the insider directly owned 330,015 shares of the company's stock, valued at $48,350,497.65. This represents a 31.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.21% of the stock is owned by company insiders.

Institutional Trading of Hamilton Lane

A number of hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC acquired a new stake in Hamilton Lane during the second quarter valued at $206,000. Osaic Holdings Inc. grew its position in Hamilton Lane by 802.0% during the second quarter. Osaic Holdings Inc. now owns 5,782 shares of the company's stock valued at $825,000 after buying an additional 5,141 shares during the period. Squarepoint Ops LLC grew its position in Hamilton Lane by 54.7% during the second quarter. Squarepoint Ops LLC now owns 20,695 shares of the company's stock valued at $2,941,000 after buying an additional 7,314 shares during the period. Hudson Bay Capital Management LP acquired a new stake in Hamilton Lane during the second quarter valued at $671,000. Finally, Caxton Associates LLP acquired a new stake in Hamilton Lane during the second quarter valued at $1,180,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

About Hamilton Lane

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.

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