Wall Street Zen Upgrades Hamilton Lane (NASDAQ:HLNE) to "Hold"

Key Points

• Hamilton Lane (NASDAQ:HLNE) received an upgrade from a "sell" to a "hold" rating by Wall Street Zen, indicating a change in analysts' outlook for the company.
• Several analysts have recently adjusted their price targets for Hamilton Lane, with estimates ranging from $145.00 to $168.00, reflecting mixed sentiments about the stock's future performance.
• The company's quarterly earnings exceeded expectations, reporting $1.31 EPS and $196.73 million in revenue, showcasing an 11.8% year-over-year revenue growth.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Friday.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. BMO Capital Markets started coverage on shares of Hamilton Lane in a research report on Friday. They issued an "outperform" rating and a $150.00 price target on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Hamilton Lane in a research report on Saturday, September 27th. 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. Finally, 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 research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $164.38.

Hamilton Lane Price Performance

NASDAQ:HLNE traded up $1.05 during midday trading on Friday, hitting $127.60. 866,740 shares of the stock were exchanged, compared to its average volume of 402,555. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 24.54 and a beta of 1.20. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. Hamilton Lane has a one year low of $124.10 and a one year high of $203.72. The business has a 50-day moving average price of $149.42 and a two-hundred day moving average price of $150.10.

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. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The company had revenue of $196.73 million for the quarter, compared to analysts' expectations of $166.96 million. During the same period last year, the firm earned $1.47 EPS. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts predict that Hamilton Lane will post 4.97 EPS 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 business's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 330,015 shares of the company's stock, valued at $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 22.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hamilton Lane

A number of large investors have recently bought and sold shares of HLNE. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Hamilton Lane during the first quarter valued at approximately $432,772,000. Champlain Investment Partners LLC bought a new stake in Hamilton Lane during the first quarter valued at about $112,887,000. T. Rowe Price Investment Management Inc. grew its position in shares of Hamilton Lane by 63.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company's stock valued at $189,555,000 after purchasing an additional 494,637 shares during the last quarter. Norges Bank bought a new position in shares of Hamilton Lane in the second quarter worth about $46,641,000. Finally, Nuveen LLC acquired a new position in shares of Hamilton Lane during the 1st quarter worth about $24,334,000. 97.40% of the stock is currently owned by institutional investors.

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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