Hamilton Lane (NASDAQ:HLNE) Upgraded to "Outperform" at Keefe, Bruyette & Woods

Key Points

• Hamilton Lane's stock has been upgraded by Keefe, Bruyette & Woods from "market perform" to "outperform," with a price target of $150, indicating a potential upside of 26.84%.
• Other analysts, including BMO Capital Markets and Zacks Research, have also provided positive ratings, with the average target price set at $162.13.
• In its most recent earnings report, Hamilton Lane reported $1.31 earnings per share, surpassing estimates, and a revenue increase of 11.8% compared to the previous year.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) was upgraded by stock analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a note issued to investors on Monday,Finviz reports. The firm currently has a $150.00 price objective on the stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 26.84% from the company's previous close.

Other analysts have also issued research reports about the stock. BMO Capital Markets started coverage on shares of Hamilton Lane in a research note on Friday, October 3rd. They issued an "outperform" rating and a $150.00 price objective for the company. Zacks Research upgraded shares of Hamilton Lane from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Wells Fargo & Company upped their target price on 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. lowered their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $162.13.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $118.26 on Monday. The business's 50 day simple moving average is $146.19 and its 200 day simple moving average is $148.95. Hamilton Lane has a one year low of $114.63 and a one year high of $203.72. The stock has a market capitalization of $6.58 billion, a PE ratio of 22.74 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32.

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

Insider Transactions at Hamilton Lane

In other Hamilton Lane 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 value of $21,976,500.00. Following the completion of the transaction, the insider 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HLNE. IFP Advisors Inc raised its holdings in shares of Hamilton Lane by 8.6% in the 2nd quarter. IFP Advisors Inc now owns 1,011 shares of the company's stock valued at $144,000 after acquiring an additional 80 shares in the last quarter. CWM LLC raised its holdings in shares of Hamilton Lane by 18.2% in the 1st quarter. CWM LLC now owns 611 shares of the company's stock valued at $91,000 after acquiring an additional 94 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Hamilton Lane by 1.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company's stock valued at $1,198,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Hamilton Lane by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company's stock valued at $1,734,000 after acquiring an additional 100 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in shares of Hamilton Lane by 1.3% in the 2nd quarter. New York State Teachers Retirement System now owns 7,980 shares of the company's stock valued at $1,134,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

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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