Hamilton Lane Inc. (NASDAQ:HLNE) Short Interest Update

Hamilton Lane Inc. (NASDAQ:HLNE) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 3,037,303 shares, a growth of 18.4% from the February 12th total of 2,565,848 shares. Currently, 7.0% of the shares of the company are sold short. Based on an average trading volume of 970,348 shares, the short-interest ratio is currently 3.1 days. Based on an average trading volume of 970,348 shares, the short-interest ratio is currently 3.1 days. Currently, 7.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Several research firms have recently weighed in on HLNE. Morgan Stanley set a $159.00 price objective on shares of Hamilton Lane in a research report on Tuesday, January 27th. Zacks Research upgraded shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Two 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. According to MarketBeat, Hamilton Lane has an average rating of “Moderate Buy” and a consensus price target of $169.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Quarry LP raised its position in Hamilton Lane by 2,557.1% during the third quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after purchasing an additional 179 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Hamilton Lane during the third quarter valued at approximately $26,000. Cornerstone Planning Group LLC boosted its stake in shares of Hamilton Lane by 347.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after purchasing an additional 153 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Hamilton Lane by 80.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after acquiring an additional 95 shares during the period. Finally, First Horizon Corp purchased a new position in Hamilton Lane during the third quarter valued at $31,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

NASDAQ:HLNE traded up $0.31 during mid-day trading on Monday, reaching $97.16. 528,674 shares of the company’s stock were exchanged, compared to its average volume of 976,496. The firm has a market capitalization of $5.42 billion, a PE ratio of 17.44 and a beta of 1.32. Hamilton Lane has a one year low of $92.77 and a one year high of $179.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27. The business’s fifty day simple moving average is $127.77 and its two-hundred day simple moving average is $130.25.

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

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 20th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 20th. Hamilton Lane’s dividend payout ratio (DPR) is 38.78%.

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.