Zacks Investment Research upgraded shares of Hamilton Lane Advisors (NASDAQ:HLNE) from a sell rating to a hold rating in a research report report published on Wednesday.
According to Zacks, “Hamilton Lane is an affiliate of Hamilton Lane Advisors, L.L.C. is an investment management firm which provide private market solutions. It operates primarily in U.S., Europe, Asia, Latin America and the Middle East. Hamilton Lane is based in Bala Cynwyd, United States. “
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Separately, Morgan Stanley restated an equal weight rating and set a $39.00 price objective (up previously from $38.00) on shares of Hamilton Lane Advisors in a research note on Wednesday, March 7th.
Shares of NASDAQ HLNE opened at $45.04 on Wednesday. The company has a market cap of $2.17 billion, a PE ratio of 34.03, a PEG ratio of 1.70 and a beta of 1.32. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.31 and a current ratio of 1.31. Hamilton Lane Advisors has a 1-year low of $44.77 and a 1-year high of $44.81.
Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in shares of Hamilton Lane Advisors by 11.0% in the 4th quarter. Wells Fargo & Company MN now owns 15,880 shares of the company’s stock valued at $563,000 after purchasing an additional 1,578 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Hamilton Lane Advisors by 44.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock valued at $163,000 after purchasing an additional 1,900 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Hamilton Lane Advisors by 6.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 54,840 shares of the company’s stock valued at $1,473,000 after purchasing an additional 3,136 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Hamilton Lane Advisors by 2.2% in the 1st quarter. Northern Trust Corp now owns 152,675 shares of the company’s stock valued at $5,684,000 after purchasing an additional 3,237 shares in the last quarter. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Hamilton Lane Advisors in the 1st quarter valued at $122,000. Hedge funds and other institutional investors own 28.55% of the company’s stock.
Hamilton Lane Advisors Company Profile
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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