Hamilton Lane (NASDAQ:HLNE) Reaches New 52-Week Low – Here’s Why

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) hit a new 52-week low during trading on Thursday . The stock traded as low as $96.00 and last traded at $98.19, with a volume of 1182211 shares. The stock had previously closed at $104.48.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective 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. Morgan Stanley set a $159.00 target price on Hamilton Lane in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hamilton Lane in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.00.

Hamilton Lane Stock Performance

The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 17.39 and a beta of 1.32. The stock’s fifty day simple moving average is $128.72 and its 200-day simple moving average is $130.99.

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

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 20th. Hamilton Lane’s payout ratio is presently 38.78%.

Institutional Investors Weigh In On Hamilton Lane

Hedge funds have recently bought and sold shares of the stock. Quarry LP grew its position in shares of Hamilton Lane by 2,557.1% during the third quarter. Quarry LP now owns 186 shares of the company’s stock worth $25,000 after buying an additional 179 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Hamilton Lane in the third quarter valued at approximately $26,000. Cornerstone Planning Group LLC raised its holdings in Hamilton Lane by 347.7% in the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after acquiring an additional 153 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Hamilton Lane by 80.5% in the third 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 last quarter. Finally, First Horizon Corp purchased a new position in Hamilton Lane in the third quarter worth approximately $31,000. Institutional investors and hedge funds 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.