Hamilton Lane (NASDAQ:HLNE) Shares Gap Down – Here’s What Happened

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) gapped down prior to trading on Monday . The stock had previously closed at $150.27, but opened at $142.95. Hamilton Lane shares last traded at $144.90, with a volume of 37,821 shares traded.

Analysts Set New Price Targets

HLNE has been the subject of a number of research reports. UBS Group boosted their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their target price on 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 downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a research note on Monday. Keefe, Bruyette & Woods lowered their price objective on shares of Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating on the stock in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Hamilton Lane currently has a consensus rating of “Hold” and an average price target of $175.00.

Hamilton Lane Trading Up 0.4 %

The stock has a 50-day moving average price of $175.89 and a two-hundred day moving average price of $159.37. The stock has a market capitalization of $8.20 billion, a PE ratio of 32.09 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly 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 business had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. As a group, equities analysts forecast that Hamilton Lane Incorporated will post 4.87 earnings per share for the current year.

Hamilton Lane Announces Dividend

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

Institutional Trading of Hamilton Lane

Several institutional investors have recently made changes to their positions in HLNE. Quarry LP boosted its stake in Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares during the period. CWM LLC lifted its holdings in shares of Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Hamilton Lane by 32.4% in the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after buying an additional 156 shares in the last quarter. Icon Wealth Advisors LLC bought a new position in shares of Hamilton Lane during the third quarter worth $111,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Hamilton Lane during the third quarter valued at $127,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

About Hamilton Lane

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.