Hamilton Lane Incorporated (NASDAQ:HLNE) Short Interest Up 70.5% in September

Hamilton Lane Incorporated (NASDAQ:HLNE) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,700,000 shares, an increase of 70.5% from the September 15th total of 997,000 shares. Based on an average daily volume of 426,000 shares, the days-to-cover ratio is presently 4.0 days. Currently, 4.7% of the shares of the company are short sold.

Hamilton Lane Trading Up 0.9 %

Shares of Hamilton Lane stock traded up $1.51 on Monday, reaching $176.25. 54,053 shares of the company’s stock were exchanged, compared to its average volume of 314,277. The company has a market capitalization of $9.52 billion, a P/E ratio of 47.82 and a beta of 1.19. Hamilton Lane has a 52 week low of $78.66 and a 52 week high of $177.62. The firm’s 50-day moving average is $153.87 and its two-hundred day moving average is $133.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. The business had revenue of $196.73 million during the quarter, compared to analyst estimates of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same period in the prior year, the firm posted $0.94 EPS. Sell-side analysts predict that Hamilton Lane will post 4.88 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.96 annualized dividend and a yield of 1.11%. Hamilton Lane’s dividend payout ratio is currently 53.12%.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. The Goldman Sachs Group upped their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Wells Fargo & Company increased their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. UBS Group upped their target price on shares of Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Finally, Morgan Stanley upped their target price on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane presently has an average rating of “Hold” and a consensus price target of $154.67.

Institutional Trading of Hamilton Lane

Several institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd grew its position in shares of Hamilton Lane by 14,900.0% in the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after buying an additional 298 shares during the last quarter. Quarry LP grew its position in shares of Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after buying an additional 234 shares during the last quarter. Signaturefd LLC grew its position in shares of Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after buying an additional 73 shares during the last quarter. CWM LLC grew its position in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after buying an additional 100 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of 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 purchasing an additional 358 shares in the last quarter. 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.