Hamilton Lane (NASDAQ:HLNE) Shares Gap Down – What’s Next?

Hamilton Lane Incorporated (NASDAQ:HLNE)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $166.39, but opened at $157.25. Hamilton Lane shares last traded at $157.41, with a volume of 372,166 shares trading hands.

Wall Street Analysts Forecast Growth

HLNE has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. UBS Group upped their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research report on Monday, January 6th. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $173.14.

Hamilton Lane Trading Down 5.9 %

The business’s 50 day simple moving average is $158.54 and its 200 day simple moving average is $163.48. The stock has a market cap of $8.68 billion, a P/E ratio of 28.75 and a beta of 1.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. During the same quarter last year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis. On average, analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s payout ratio is presently 36.16%.

Institutional Trading of Hamilton Lane

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in Hamilton Lane by 31.1% in the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after purchasing an additional 413,015 shares during the period. State Street Corp increased its holdings in shares of Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after acquiring an additional 489,557 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hamilton Lane by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after buying an additional 25,657 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in Hamilton Lane by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock worth $145,388,000 after purchasing an additional 7,106 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Hamilton Lane by 20.2% during the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after acquiring an additional 97,924 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.