Short Interest in Hamilton Lane Incorporated (NASDAQ:HLNE) Decreases By 12.2%

Hamilton Lane Incorporated (NASDAQ:HLNE) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 1,010,000 shares, a drop of 12.2% from the November 15th total of 1,150,000 shares. Based on an average daily trading volume, of 439,200 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.7% of the shares of the stock are short sold.

Hamilton Lane Trading Down 1.7 %

HLNE stock traded down $2.88 during midday trading on Tuesday, hitting $164.64. 122,998 shares of the company’s stock were exchanged, compared to its average volume of 322,715. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The stock’s fifty day moving average price is $184.50 and its 200-day moving average price is $155.88. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72. The company has a market cap of $9.13 billion, a PE ratio of 36.34 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Research analysts predict that Hamilton Lane will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.19%. Hamilton Lane’s dividend payout ratio is presently 42.52%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HLNE. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. UBS Group raised their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley upped their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Wells Fargo & Company lifted their price objective on Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group upped their price objective on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane currently has a consensus rating of “Hold” and a consensus target price of $184.33.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors have recently bought and sold shares of HLNE. Signaturefd LLC boosted its holdings in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after buying an additional 73 shares during the period. EFG Asset Management North America Corp. increased its holdings in Hamilton Lane by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock valued at $2,125,000 after buying an additional 81 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Hamilton Lane by 0.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock valued at $2,509,000 after buying an additional 93 shares in the last quarter. CWM LLC raised its position in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares in the last quarter. Finally, Islay Capital Management LLC lifted its holdings in shares of Hamilton Lane by 2.2% during the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company’s stock worth $801,000 after acquiring an additional 103 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.