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Hamilton Lane (HLNE) Gets a Hold Rating from Morgan Stanley

In a report released today, Michael Cyprys from Morgan Stanley maintained a Hold rating on Hamilton Lane (HLNEResearch Report), with a price target of $111.00. The company’s shares closed last Friday at $87.34.

According to TipRanks.com, Cyprys is a 4-star analyst with an average return of 9.4% and a 59.7% success rate. Cyprys covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Intercontinental Exchange, and Apollo Global Management.

Hamilton Lane has an analyst consensus of Hold, with a price target consensus of $105.50, representing a 20.6% upside. In a report issued on January 18, Wells Fargo also maintained a Hold rating on the stock with a $100.00 price target.

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Based on Hamilton Lane’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $96.32 million and net profit of $52.15 million. In comparison, last year the company earned revenue of $84.43 million and had a net profit of $21.81 million.

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Hamilton Lane, Inc. is a holding company, which engages in the provision of private markets investment solutions. The firm works with clients to conceive, structure, build out, manage, and monitor portfolios of private markets funds and direct investments. It also offers the following solutions: customized separate accounts; specialized funds; advisory services; distribution management; and reporting, monitoring, data, and analytics. The company was founded in 1991 and is headquartered in Bala Cynwyd, PA.

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