The Goldman Sachs Group Downgrades Hamilton Lane (NASDAQ:HLNE) to Sell

Hamilton Lane (NASDAQ:HLNE) was downgraded by investment analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note issued on Monday, Marketbeat.com reports. They presently have a $139.00 target price on the stock. The Goldman Sachs Group’s price target would indicate a potential downside of 5.61% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. UBS Group lifted their target price on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price target on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Keefe, Bruyette & Woods dropped their price objective on shares of Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating for the company in a report on Friday, December 20th. Finally, Morgan Stanley upped their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, Hamilton Lane presently has an average rating of “Hold” and an average price target of $175.00.

Hamilton Lane Stock Up 0.4 %

HLNE stock opened at $147.26 on Monday. The firm has a market cap of $8.16 billion, a PE ratio of 31.94 and a beta of 1.24. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The firm’s 50 day moving average price is $175.89 and its 200-day moving average price is $159.37.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. During the same period in the previous year, the firm earned $0.89 EPS. Hamilton Lane’s revenue was up 18.2% on a year-over-year basis. On average, equities research analysts anticipate that Hamilton Lane will post 4.87 EPS for the current year.

Institutional Investors Weigh In On Hamilton Lane

Large investors have recently modified their holdings of the company. Quarry LP grew its stake in shares of Hamilton Lane by 316.2% during the second quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares in the last quarter. CWM LLC boosted its position in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after acquiring an additional 156 shares during the last quarter. Icon Wealth Advisors LLC purchased a new position in shares of Hamilton Lane in the 3rd quarter valued at about $111,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Hamilton Lane during the 3rd quarter worth about $127,000. 97.40% of the stock is owned by hedge funds and other 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.