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

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

Other equities analysts have also issued reports about the stock. UBS Group lifted their price objective on shares of Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, June 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $127.60.

Hamilton Lane Trading Up 0.3 %

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

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly 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. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. The firm had revenue of $176.67 million during the quarter, compared to the consensus estimate of $134.72 million. Equities research analysts predict that Hamilton Lane will post 4.52 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HLNE. Arizona State Retirement System raised its position in shares of Hamilton Lane by 4.0% in the fourth quarter. Arizona State Retirement System now owns 9,709 shares of the company’s stock worth $1,101,000 after acquiring an additional 370 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Hamilton Lane during the fourth quarter worth about $142,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hamilton Lane by 5.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,831 shares of the company’s stock worth $888,000 after purchasing an additional 414 shares in the last quarter. Xponance Inc. purchased a new stake in shares of Hamilton Lane during the fourth quarter worth about $251,000. Finally, New York State Common Retirement Fund increased its stake in shares of Hamilton Lane by 1.3% during the fourth quarter. New York State Common Retirement Fund now owns 17,459 shares of the company’s stock worth $1,981,000 after purchasing an additional 221 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.