Hamilton Lane Incorporated (NASDAQ:HLNE) Short Interest Update

Hamilton Lane Incorporated (NASDAQ:HLNE) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 2,930,000 shares, an increase of 25.8% from the February 28th total of 2,330,000 shares. Currently, 7.6% of the company’s stock are sold short. Based on an average daily volume of 533,500 shares, the days-to-cover ratio is currently 5.5 days.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded up $3.56 during trading hours on Wednesday, hitting $155.48. 427,267 shares of the company’s stock were exchanged, compared to its average volume of 396,363. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The company’s 50-day moving average price is $153.71 and its 200-day moving average price is $165.00. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 28.69 and a beta of 1.28. Hamilton Lane has a 1-year low of $108.34 and a 1-year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The company had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business’s revenue was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. On average, sell-side analysts expect that Hamilton Lane 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 Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.26%. Hamilton Lane’s dividend payout ratio is currently 36.16%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HLNE. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their target price on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Finally, Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $170.71.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors and hedge funds have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Hamilton Lane by 252.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock valued at $26,000 after buying an additional 126 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock valued at $44,000 after purchasing an additional 221 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Hamilton Lane during the fourth quarter valued at approximately $65,000. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of Hamilton Lane in the third quarter valued at approximately $111,000. 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.