Hamilton Lane (NASDAQ:HLNE) Rating Increased to Buy (B-) at Weiss Ratings

Key Points

• Hamilton Lane's stock rating has been upgraded from "hold (c+)" to "buy (b-)" by Weiss Ratings, indicating a positive shift in investor outlook.
• Multiple research firms have adjusted their target prices for Hamilton Lane, with Keefe, Bruyette & Woods setting a new target of $168.00 and Goldman Sachs raising theirs from $149.00 to $162.00.
• Hamilton Lane has demonstrated strong financial performance, with a reported $1.31 EPS this quarter, exceeding analysts' expectations by $0.33, and revenue increasing by 11.8% from last year.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) was upgraded by equities research analysts at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Wells Fargo & Company boosted their target price on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. The Goldman Sachs Group raised 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 report on Thursday, September 18th. BMO Capital Markets initiated coverage on Hamilton Lane in a report on Friday, October 3rd. They set an "outperform" rating and a $150.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $164.38.

Hamilton Lane Trading Down 2.3%

NASDAQ HLNE opened at $119.80 on Wednesday. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 23.04 and a beta of 1.20. The stock's 50 day moving average price is $147.45 and its two-hundred day moving average price is $149.52. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. Hamilton Lane has a 52 week low of $119.72 and a 52 week high of $203.72.

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

Insider Buying and Selling at Hamilton Lane

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

Hedge Funds Weigh In On Hamilton Lane

Large investors have recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Hamilton Lane by 270.3% during the first quarter. UMB Bank n.a. now owns 474 shares of the company's stock worth $70,000 after acquiring an additional 346 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Hamilton Lane by 41.9% during the first quarter. Park Avenue Securities LLC now owns 3,687 shares of the company's stock worth $548,000 after acquiring an additional 1,088 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Hamilton Lane by 1.4% during the first quarter. Yousif Capital Management LLC now owns 14,780 shares of the company's stock worth $2,197,000 after acquiring an additional 202 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Hamilton Lane by 65.8% during the first quarter. GAMMA Investing LLC now owns 920 shares of the company's stock worth $137,000 after acquiring an additional 365 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Hamilton Lane by 133.6% during the first quarter. SG Americas Securities LLC now owns 1,974 shares of the company's stock worth $293,000 after acquiring an additional 1,129 shares during the last quarter. 97.40% of the stock is currently owned by 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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