Hamilton Lane (NASDAQ:HLNE) Sets New 12-Month Low – Time to Sell?

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) reached a new 52-week low during trading on Thursday . The company traded as low as $92.48 and last traded at $92.1740, with a volume of 15139 shares traded. The stock had previously closed at $97.01.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HLNE. BMO Capital Markets decreased their price target on shares of Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday, January 22nd. JPMorgan Chase & Co. upped their target price on Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Morgan Stanley set a $159.00 price target on Hamilton Lane in a research report on Tuesday, January 27th. Finally, Oppenheimer boosted their price target on Hamilton Lane from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Hamilton Lane currently has an average rating of “Moderate Buy” and an average price target of $165.00.

Hamilton Lane Stock Performance

The firm’s 50 day moving average is $115.75 and its 200-day moving average is $126.18. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 16.62 and a beta of 1.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.28 by $0.27. The company had revenue of $198.59 million for the quarter, compared to analyst estimates of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the business earned $1.25 earnings per share. Analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 20th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, March 20th. Hamilton Lane’s dividend payout ratio (DPR) is presently 38.78%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. increased its holdings in Hamilton Lane by 27.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company’s stock worth $61,000 after acquiring an additional 90 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Hamilton Lane by 80.5% during the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after purchasing an additional 95 shares in the last quarter. State of Michigan Retirement System grew its position in shares of Hamilton Lane by 1.0% in the fourth quarter. State of Michigan Retirement System now owns 9,700 shares of the company’s stock valued at $1,303,000 after purchasing an additional 100 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Hamilton Lane by 12.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 899 shares of the company’s stock valued at $121,000 after purchasing an additional 103 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Hamilton Lane by 81.2% during the fourth quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

About Hamilton Lane

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.