JPMorgan Chase & Co. initiated coverage on shares of Hamilton Lane Inc (NASDAQ:HLNE) in a research report issued to clients and investors on Monday. The brokerage set an “overweight” rating and a $21.00 price target on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 11.58% from the stock’s current price.
Hamilton Lane (NASDAQ:HLNE) traded down 1.10% during trading on Monday, hitting $18.82. 113,901 shares of the company were exchanged. The stock’s 50-day moving average is $18.80 and its 200-day moving average is $18.80. Hamilton Lane has a 12 month low of $17.74 and a 12 month high of $19.66. The company’s market capitalization is $321.28 billion.
In related news, insider Juan Delgado-Moreira acquired 2,800 shares of Hamilton Lane stock in a transaction on Monday, March 6th. The stock was bought at an average cost of $16.00 per share, for a total transaction of $44,800.00. Following the completion of the transaction, the insider now owns 1,550,965 shares of the company’s stock, valued at approximately $24,815,440. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
About Hamilton Lane
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.