Short Interest in Hamilton Lane Incorporated (NASDAQ:HLNE) Rises By 67.1%

Hamilton Lane Incorporated (NASDAQ:HLNE) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 1,600,000 shares, an increase of 67.1% from the December 15th total of 957,300 shares. Based on an average daily trading volume, of 395,300 shares, the short-interest ratio is presently 4.0 days. Approximately 4.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HLNE. Wells Fargo & Company cut their target price on Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a research note on Tuesday. UBS Group increased their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods lowered their price target on shares of Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating for the company in a research note on Monday. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Finally, Morgan Stanley boosted their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, Hamilton Lane has an average rating of “Hold” and an average target price of $168.33.

Hamilton Lane Trading Down 0.7 %

Shares of HLNE stock traded down $1.10 during mid-day trading on Friday, reaching $148.50. The stock had a trading volume of 167,963 shares, compared to its average volume of 361,313. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average price is $170.41 and its two-hundred day moving average price is $160.02. The firm has a market capitalization of $8.23 billion, a PE ratio of 32.21 and a beta of 1.24. Hamilton Lane has a 52-week low of $103.42 and a 52-week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. Hamilton Lane’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. Equities analysts expect that Hamilton Lane will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is presently 42.52%.

Institutional Trading of Hamilton Lane

A number of hedge funds and other institutional investors have recently modified their holdings of HLNE. Quarry LP boosted its stake in Hamilton Lane by 316.2% during the second quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 234 shares in the last quarter. CWM LLC grew its holdings in shares of Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after acquiring an additional 156 shares in the last quarter. Icon Wealth Advisors LLC purchased a new stake in Hamilton Lane during the 3rd quarter valued at $111,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Hamilton Lane in the 3rd quarter worth $127,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.