The IBD SmartSelect Composite Rating for Hamilton Lane (HLNE) rose from 94 to 96 Tuesday.
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Hamilton Lane has now climbed above a proper buy zone after breaking out from an 84.65 buy point in a flat base.
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The stock has a 93 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 93% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q3, the company posted 85% EPS growth. It has now posted accelerating EPS increases for two consecutive quarters. Top line growth fell to 24%, down from 31% in the prior quarter.
Hamilton Lane holds the No. 2 rank among its peers in the Finance-Investment Management industry group. Virtus Investments (VRTS) is the top-ranked stock within the group.
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The post Hamilton Lane Receives IBD Stock Rating Upgrade appeared first on Investor's Business Daily.
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Originally published at https://www.investors.com/ibd-data-stories/hamilton-lane-receives-ibd-stock-rating-upgrade/ on .
