Hamilton Lane (NASDAQ:HLNE) Rating Lowered to Sell at Wall Street Zen

Key Points

• Analysts at Wall Street Zen have downgraded Hamilton Lane (NASDAQ:HLNE) from a "hold" rating to a "sell" rating, reflecting growing concerns about its future performance.
• Despite this downgrade, several other analysts have either increased their price targets or upgraded their ratings, with a consensus target price of $166.43.
• During its latest earnings report, Hamilton Lane reported $1.31 EPS, significantly exceeding analyst expectations, and achieved a revenue of $196.73 million, up 11.8% year-over-year.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

HLNE has been the subject of several other reports. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. The Goldman Sachs Group upgraded Hamilton Lane from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $149.00 to $162.00 in a report on Thursday. Wells Fargo & Company increased their price objective on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. cut their price objective on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Hamilton Lane currently has an average rating of "Hold" and a consensus target price of $166.43.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $150.36 on Friday. The stock has a market cap of $8.37 billion, a PE ratio of 28.92 and a beta of 1.26. The business has a fifty day simple moving average of $152.58 and a 200-day simple moving average of $150.50. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. Hamilton Lane has a 12 month low of $124.10 and a 12 month high of $203.72.

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

Insiders Place Their Bets

In related news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction dated 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 sale, the insider directly owned 330,015 shares of the company's stock, valued at $48,350,497.65. This trade represents a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hamilton Lane

A number of institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its holdings in Hamilton Lane by 8.6% during the second quarter. IFP Advisors Inc now owns 1,011 shares of the company's stock valued at $144,000 after purchasing an additional 80 shares in the last quarter. CWM LLC boosted its holdings in Hamilton Lane by 18.2% during the first quarter. CWM LLC now owns 611 shares of the company's stock valued at $91,000 after purchasing an additional 94 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Hamilton Lane by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company's stock valued at $1,734,000 after purchasing an additional 100 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in Hamilton Lane by 1.2% during the second quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company's stock valued at $1,198,000 after purchasing an additional 100 shares in the last quarter. Finally, Vista Finance LLC boosted its holdings in Hamilton Lane by 4.1% during the second quarter. Vista Finance LLC now owns 2,568 shares of the company's stock valued at $365,000 after purchasing an additional 100 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

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.

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