Hamilton Lane (NASDAQ:HLNE) Shares Down 7.1% – Time to Sell?

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HLNE shares. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, November 6th. Morgan Stanley set a $159.00 price objective on Hamilton Lane in a research report on Tuesday, January 27th. Oppenheimer raised their price objective on Hamilton Lane from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Two 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 currently has an average rating of “Moderate Buy” and a consensus price target of $169.00.

Hamilton Lane Trading Down 5.3%

The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 19.21 and a beta of 1.30. The company has a 50-day moving average price of $138.16 and a 200 day moving average price of $136.30.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data 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. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The firm had revenue of $198.59 million during the quarter, compared to the consensus estimate of $195.36 million. During the same period in the prior year, the business earned $1.25 EPS. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, research analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. Hamilton Lane’s payout ratio is presently 38.78%.

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. boosted its position in Hamilton Lane by 27.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company’s stock valued at $61,000 after purchasing an additional 90 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after buying an additional 95 shares in the last quarter. State of Michigan Retirement System raised its position in Hamilton Lane by 1.0% during the fourth quarter. State of Michigan Retirement System now owns 9,700 shares of the company’s stock valued at $1,303,000 after acquiring an additional 100 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Hamilton Lane by 12.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 899 shares of the company’s stock valued at $121,000 after purchasing an additional 103 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Hamilton Lane by 81.2% during the fourth quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.