Shares of Hamilton Lane Inc (NASDAQ:HLNE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $68.60 and last traded at $68.17, with a volume of 110 shares changing hands. The stock had previously closed at $67.35.
Several equities research analysts recently issued reports on HLNE shares. ValuEngine lowered shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Hamilton Lane from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Friday, January 17th. BidaskClub raised shares of Hamilton Lane from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Wells Fargo & Co lifted their price objective on shares of Hamilton Lane from $62.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $64.00.
The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 45.40, a price-to-earnings-growth ratio of 2.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.68 and a current ratio of 2.68. The stock’s 50-day simple moving average is $60.92 and its two-hundred day simple moving average is $58.88.
Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, November 5th. The company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.01). The firm had revenue of $64.29 million for the quarter, compared to analyst estimates of $70.71 million. Hamilton Lane had a return on equity of 56.89% and a net margin of 15.34%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. As a group, research analysts predict that Hamilton Lane Inc will post 1.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Friday, December 13th. Hamilton Lane’s dividend payout ratio is 57.59%.
In other Hamilton Lane news, major shareholder Tara Devlin sold 10,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $55.57, for a total transaction of $555,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 43.91% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in HLNE. Ellis Investment Partners LLC raised its position in shares of Hamilton Lane by 93.8% during the fourth quarter. Ellis Investment Partners LLC now owns 500 shares of the company’s stock valued at $30,000 after buying an additional 242 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Hamilton Lane by 75.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 510 shares of the company’s stock valued at $30,000 after acquiring an additional 220 shares during the period. Tower Research Capital LLC TRC increased its stake in Hamilton Lane by 878.7% in the third quarter. Tower Research Capital LLC TRC now owns 734 shares of the company’s stock valued at $42,000 after acquiring an additional 659 shares during the period. Bank of Montreal Can bought a new stake in Hamilton Lane in the second quarter valued at about $110,000. Finally, Jefferies Group LLC bought a new stake in Hamilton Lane in the second quarter valued at about $262,000. 50.59% of the stock is owned by institutional investors and hedge funds.
Hamilton Lane Company Profile (NASDAQ:HLNE)
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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