Hamilton Lane share reaction ‘overdone,’ says Keefe Bruyette

Hamilton Lane (HLNE) shares declined after a Hunterbrook Media short report raised concerns about net asset value compression, potential outflows from its evergreen fund suite, and exposure to software investments, Keefe Bruyette tells investors in a research note. The “overdone” market reaction appears to reflect these risks already being largely known and incorporated by investors rather than introducing fundamentally new issues, the firm says. Keefe has an Outperform rating and $120 price target on the stock.