Hamilton Lane (NASDAQ:HLNE) Stock Price Down 7.1% – What’s Next?

Hamilton Lane Inc. (NASDAQ:HLNE) traded down 7.1% during mid-day trading on Thursday . The company traded as low as $113.90 and last traded at $114.4850. 232,703 shares were traded during trading, a decline of 54% from the average session volume of 501,873 shares. The stock had previously closed at $123.19.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HLNE. UBS Group lifted their price objective on Hamilton Lane from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group raised Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Thursday, November 6th. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $173.25.

Hamilton Lane Price Performance

The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 19.87 and a beta of 1.30. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average price is $139.03 and its 200-day moving average price is $136.77.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.27. The company had revenue of $198.59 million during the quarter, compared to analysts’ expectations of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 earnings per share. As a group, equities research analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s dividend payout ratio (DPR) is 38.78%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HLNE. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Hamilton Lane by 27.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company’s stock valued at $61,000 after buying an additional 90 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Hamilton Lane by 80.5% during the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after purchasing an additional 95 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Hamilton Lane by 1.3% in the second quarter. New York State Teachers Retirement System now owns 7,980 shares of the company’s stock valued at $1,134,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System increased its stake in Hamilton Lane by 1.0% during the 4th quarter. State of Michigan Retirement System now owns 9,700 shares of the company’s stock worth $1,303,000 after buying an additional 100 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Hamilton Lane by 12.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 899 shares of the company’s stock worth $121,000 after buying an additional 103 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Company Profile

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.