Short Interest in Hamilton Lane Incorporated (NASDAQ:HLNE) Increases By 25.8%

Hamilton Lane Incorporated (NASDAQ:HLNE) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,930,000 shares, an increase of 25.8% from the February 28th total of 2,330,000 shares. Approximately 7.6% of the company’s shares are short sold. Based on an average daily volume of 533,500 shares, the days-to-cover ratio is currently 5.5 days.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group cut shares of 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. Wells Fargo & Company dropped their target price on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. Finally, Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane Stock Up 2.3 %

Shares of HLNE traded up $3.56 on Wednesday, hitting $155.48. The company’s stock had a trading volume of 427,267 shares, compared to its average volume of 396,363. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 28.69 and a beta of 1.28. The firm’s fifty day moving average price is $153.71 and its 200-day moving average price is $165.00. Hamilton Lane has a fifty-two week low of $108.34 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data 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. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. Hamilton Lane’s quarterly revenue was up 34.3% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. On average, equities research analysts expect that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is 36.16%.

Institutional Investors Weigh In On Hamilton Lane

Several hedge funds have recently bought and sold shares of HLNE. Citigroup Inc. increased its position in Hamilton Lane by 133.9% during the third quarter. Citigroup Inc. now owns 34,370 shares of the company’s stock worth $5,788,000 after acquiring an additional 19,677 shares during the period. The Manufacturers Life Insurance Company raised its position in Hamilton Lane by 102.5% during the third quarter. The Manufacturers Life Insurance Company now owns 47,119 shares of the company’s stock valued at $7,934,000 after purchasing an additional 23,854 shares in the last quarter. FMR LLC lifted its stake in Hamilton Lane by 239.9% during the third quarter. FMR LLC now owns 5,557 shares of the company’s stock worth $936,000 after purchasing an additional 3,922 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Hamilton Lane by 8.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,050 shares of the company’s stock valued at $6,744,000 after purchasing an additional 3,223 shares during the last quarter. Finally, Bridgewater Associates LP raised its stake in Hamilton Lane by 113.0% during the third quarter. Bridgewater Associates LP now owns 5,424 shares of the company’s stock worth $913,000 after acquiring an additional 2,878 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.