Wells Fargo & Company Issues Pessimistic Forecast for Hamilton Lane (NASDAQ:HLNE) Stock Price

Hamilton Lane (NASDAQ:HLNE) had its price objective dropped by investment analysts at Wells Fargo & Company from $169.00 to $152.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 0.90% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Finally, Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $170.71.

Hamilton Lane Price Performance

HLNE opened at $150.64 on Thursday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $8.35 billion, a P/E ratio of 27.79 and a beta of 1.28. The stock has a 50-day moving average price of $153.10 and a 200-day moving average price of $164.70. Hamilton Lane has a 12-month low of $107.22 and a 12-month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. Hamilton Lane’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Equities analysts predict that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds have recently made changes to their positions in the business. FMR LLC boosted its holdings in Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after acquiring an additional 3,922 shares in the last quarter. Retirement Systems of Alabama purchased a new stake in shares of Hamilton Lane in the 3rd quarter worth about $8,291,000. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane during the 3rd quarter valued at about $819,000. Royce & Associates LP purchased a new position in shares of Hamilton Lane during the third quarter valued at about $538,000. Finally, Teachers Retirement System of The State of Kentucky raised its stake in Hamilton Lane by 41.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock worth $3,522,000 after buying an additional 6,178 shares in the last quarter. 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.