Hamilton Lane Incorporated (NASDAQ:HLNE) Short Interest Down 12.2% in November

Hamilton Lane Incorporated (NASDAQ:HLNE) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,010,000 shares, a decrease of 12.2% from the November 15th total of 1,150,000 shares. Based on an average daily trading volume, of 439,200 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.7% of the company’s shares are sold short.

Institutional Investors Weigh In On Hamilton Lane

Hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC purchased a new position in shares of Hamilton Lane in the 1st quarter worth $245,000. Fifth Third Bancorp lifted its position in Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after buying an additional 358 shares in the last quarter. Argent Capital Management LLC grew its stake in Hamilton Lane by 50.8% during the second quarter. Argent Capital Management LLC now owns 7,963 shares of the company’s stock worth $984,000 after buying an additional 2,684 shares during the period. EFG Asset Management North America Corp. increased its position in shares of Hamilton Lane by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock worth $2,125,000 after acquiring an additional 81 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Hamilton Lane by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 239,623 shares of the company’s stock valued at $29,613,000 after acquiring an additional 14,214 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLNE has been the subject of several research reports. Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. The Goldman Sachs Group raised their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. UBS Group boosted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley raised their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane has an average rating of “Hold” and an average price target of $184.33.

Hamilton Lane Stock Down 0.7 %

Shares of NASDAQ:HLNE opened at $167.52 on Tuesday. 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 firm has a 50 day simple moving average of $184.50 and a 200-day simple moving average of $155.88. The company has a market capitalization of $9.29 billion, a PE ratio of 36.34 and a beta of 1.19. Hamilton Lane has a twelve month low of $103.42 and a twelve month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate 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%. The company’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. On average, equities analysts predict that Hamilton Lane will post 4.87 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.17%. Hamilton Lane’s dividend payout ratio (DPR) is 42.52%.

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.