Short Interest in Hamilton Lane Incorporated (NASDAQ:HLNE) Increases By 8.0%

Hamilton Lane Incorporated (NASDAQ:HLNE) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 681,500 shares, an increase of 8.0% from the May 31st total of 631,300 shares. Based on an average daily trading volume, of 238,300 shares, the short-interest ratio is currently 2.9 days. Currently, 1.9% of the company’s shares are short sold.

Hamilton Lane Stock Up 2.3 %

Shares of HLNE traded up $2.88 on Tuesday, reaching $126.00. The company’s stock had a trading volume of 101,514 shares, compared to its average volume of 259,793. Hamilton Lane has a twelve month low of $76.47 and a twelve month high of $130.97. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $118.77 and a 200-day moving average of $114.88. The stock has a market capitalization of $6.81 billion, a PE ratio of 33.83 and a beta of 1.17.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Thursday, May 23rd. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.00 by $0.38. The company had revenue of $176.67 million during the quarter, compared to the consensus estimate of $134.72 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. Equities analysts predict that Hamilton Lane will post 4.51 EPS for the current year.

Hamilton Lane Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be issued a $0.49 dividend. The ex-dividend date is Friday, June 14th. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a yield of 1.56%. Hamilton Lane’s dividend payout ratio (DPR) is 53.12%.

Institutional Trading of Hamilton Lane

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Hamilton Lane by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock worth $414,801,000 after purchasing an additional 283,190 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Hamilton Lane by 14.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,413,804 shares of the company’s stock valued at $160,382,000 after buying an additional 179,873 shares in the last quarter. TD Asset Management Inc raised its position in shares of Hamilton Lane by 249.5% during the 4th quarter. TD Asset Management Inc now owns 1,143,179 shares of the company’s stock valued at $129,682,000 after buying an additional 816,102 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of Hamilton Lane by 108.6% during the 4th quarter. Epoch Investment Partners Inc. now owns 799,351 shares of the company’s stock valued at $90,678,000 after buying an additional 416,103 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Hamilton Lane by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 544,233 shares of the company’s stock valued at $61,740,000 after buying an additional 22,832 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group upped their price objective on shares of Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, June 24th. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $118.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, May 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Hamilton Lane from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $114.29.

About Hamilton Lane

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.