Hamilton Lane Inc. (NASDAQ:HLNE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $155.3750.

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. UBS Group lowered their target price on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a research note on Thursday, January 22nd. Morgan Stanley decreased their price target on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Finally, BMO Capital Markets lowered their price objective on Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP lifted its position in shares of Hamilton Lane by 2,557.1% during the 3rd quarter. Quarry LP now owns 186 shares of the company’s stock worth $25,000 after buying an additional 179 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Hamilton Lane in the 3rd quarter valued at $26,000. Cornerstone Planning Group LLC raised its stake in Hamilton Lane by 347.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock worth $27,000 after acquiring an additional 153 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Hamilton Lane by 80.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after acquiring an additional 95 shares in the last quarter. Finally, First Horizon Corp purchased a new stake in Hamilton Lane in the third quarter valued at $31,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Down 0.5%

HLNE stock opened at $88.56 on Tuesday. The company’s 50 day moving average price is $98.78 and its 200 day moving average price is $119.58. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 15.90 and a beta of 1.18. Hamilton Lane has a fifty-two week low of $85.90 and a fifty-two week high of $179.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.