Hamilton Lane (NASDAQ:HLNE) Price Target Increased to $134.00 by Analysts at JPMorgan Chase & Co.

Hamilton Lane (NASDAQ:HLNE) had its price target boosted by research analysts at JPMorgan Chase & Co. from $120.00 to $134.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 0.27% from the company’s current price.

A number of other research firms also recently commented on HLNE. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research note on Wednesday. UBS Group increased their price objective on shares of Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 24th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $127.60.

Hamilton Lane Stock Up 0.3 %

Shares of HLNE stock traded up $0.37 on Wednesday, hitting $133.64. The stock had a trading volume of 102,784 shares, compared to its average volume of 270,006. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 36.22 and a beta of 1.17. The stock’s 50 day moving average is $128.39 and its 200-day moving average is $119.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.02 and a current ratio of 3.02. Hamilton Lane has a 52-week low of $78.66 and a 52-week high of $146.69.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Thursday, May 23rd. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.38. The business had revenue of $176.67 million during the quarter, compared to the consensus estimate of $134.72 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. As a group, research analysts expect that Hamilton Lane will post 4.52 earnings per share for the current year.

Institutional Trading of Hamilton Lane

A number of institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC increased its holdings in shares of Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after acquiring an additional 73 shares during the period. EFG Asset Management North America Corp. increased its holdings in shares of Hamilton Lane by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock worth $2,125,000 after acquiring an additional 81 shares during the period. Van Hulzen Asset Management LLC increased its holdings in shares of Hamilton Lane by 1.8% in the 4th quarter. Van Hulzen Asset Management LLC now owns 10,840 shares of the company’s stock worth $1,230,000 after acquiring an additional 189 shares during the period. Personal CFO Solutions LLC increased its holdings in shares of Hamilton Lane by 4.9% in the 4th quarter. Personal CFO Solutions LLC now owns 4,220 shares of the company’s stock worth $479,000 after acquiring an additional 196 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Hamilton Lane by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 55,451 shares of the company’s stock worth $6,853,000 after acquiring an additional 208 shares during the period. 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.