Hamilton Lane Inc (NASDAQ:HLNE)’s stock price was down 7.4% during mid-day trading on Tuesday . The stock traded as low as $57.33 and last traded at $57.64, approximately 961,868 shares traded hands during mid-day trading. An increase of 552% from the average daily volume of 147,416 shares. The stock had previously closed at $62.26.

Several research firms recently weighed in on HLNE. Keefe, Bruyette & Woods lowered Hamilton Lane from a “market perform” rating to an “underperform” rating and lifted their price target for the company from $49.00 to $53.00 in a research report on Thursday, July 11th. They noted that the move was a valuation call. Morgan Stanley upped their price target on Hamilton Lane from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Oppenheimer started coverage on Hamilton Lane in a report on Tuesday, June 25th. They issued a “market perform” rating for the company. They noted that the move was a valuation call. CIBC initiated coverage on Hamilton Lane in a research report on Tuesday, June 25th. They set a “market perform” rating for the company. Finally, Zacks Investment Research downgraded shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $51.00.

The stock’s fifty day simple moving average is $58.61 and its two-hundred day simple moving average is $52.23. The firm has a market cap of $3.21 billion, a PE ratio of 30.18, a PEG ratio of 2.05 and a beta of 0.99. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.46.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Hamilton Lane had a return on equity of 61.94% and a net margin of 14.24%. The company had revenue of $65.00 million during the quarter, compared to the consensus estimate of $71.21 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that Hamilton Lane Inc will post 2.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, September 13th. Hamilton Lane’s payout ratio is 57.59%.

A number of institutional investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH boosted its stake in Hamilton Lane by 2.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 8,963 shares of the company’s stock worth $512,000 after purchasing an additional 241 shares in the last quarter. Hancock Whitney Corp increased its stake in Hamilton Lane by 1.5% during the 2nd quarter. Hancock Whitney Corp now owns 16,448 shares of the company’s stock valued at $939,000 after purchasing an additional 251 shares in the last quarter. SG Americas Securities LLC increased its stake in Hamilton Lane by 29.9% during the 2nd quarter. SG Americas Securities LLC now owns 3,264 shares of the company’s stock valued at $186,000 after purchasing an additional 752 shares in the last quarter. Rhumbline Advisers raised its holdings in Hamilton Lane by 4.5% in the first quarter. Rhumbline Advisers now owns 21,280 shares of the company’s stock worth $927,000 after buying an additional 908 shares during the last quarter. Finally, Advisor Group Inc. raised its holdings in Hamilton Lane by 578.4% in the second quarter. Advisor Group Inc. now owns 1,133 shares of the company’s stock worth $65,000 after buying an additional 966 shares during the last quarter. 47.68% of the stock is currently owned by institutional investors and hedge funds.

About Hamilton Lane (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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