Hamilton Lane (NASDAQ:HLNE) Hits New 1-Year Low – Here’s What Happened

Hamilton Lane Inc. (NASDAQ:HLNE) shares reached a new 52-week low on Wednesday . The company traded as low as $84.05 and last traded at $84.11, with a volume of 554658 shares traded. The stock had previously closed at $86.75.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a report on Monday. UBS Group dropped their target price on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 20th. Zacks Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Morgan Stanley dropped their target price on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Finally, BMO Capital Markets dropped their target price on Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Hamilton Lane currently has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Hamilton Lane Stock Performance

The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 15.90 and a beta of 1.18. The stock has a 50 day moving average of $95.54 and a 200 day moving average of $117.84. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. The business had revenue of $193.57 million during the quarter, compared to the consensus estimate of $203.05 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.Hamilton Lane’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share. As a group, analysts anticipate that Hamilton Lane Inc. will post 5.84 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, June 18th. Hamilton Lane’s payout ratio is presently 38.78%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Argent Capital Management LLC raised its stake in Hamilton Lane by 53.9% in the first quarter. Argent Capital Management LLC now owns 55,236 shares of the company’s stock valued at $5,490,000 after purchasing an additional 19,345 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Hamilton Lane in the first quarter valued at about $233,000. Janus Henderson Group PLC raised its stake in Hamilton Lane by 12.9% in the first quarter. Janus Henderson Group PLC now owns 905,660 shares of the company’s stock valued at $90,045,000 after purchasing an additional 103,663 shares in the last quarter. Amundi grew its position in Hamilton Lane by 18.9% in the first quarter. Amundi now owns 24,167 shares of the company’s stock valued at $2,402,000 after acquiring an additional 3,833 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Hamilton Lane by 24.2% in the first quarter. California State Teachers Retirement System now owns 49,007 shares of the company’s stock valued at $4,871,000 after acquiring an additional 9,556 shares during the last quarter. Institutional investors and hedge funds 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.