Hamilton Lane (NASDAQ:HLNE) Sees Large Volume Increase – Here’s Why

Hamilton Lane Incorporated (NASDAQ:HLNE) shares saw unusually-high trading volume on Monday . Approximately 460,988 shares traded hands during mid-day trading, an increase of 44% from the previous session’s volume of 320,164 shares.The stock last traded at $168.43 and had previously closed at $168.75.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HLNE shares. Morgan Stanley increased their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Wells Fargo & Company increased their price objective on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. UBS Group upped their price target 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. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and a consensus price target of $184.33.

Hamilton Lane Stock Performance

The firm’s 50 day simple moving average is $184.59 and its 200 day simple moving average is $155.58. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of 36.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. Sell-side analysts forecast that Hamilton Lane Incorporated will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is 42.52%.

Hedge Funds Weigh In On Hamilton Lane

Several institutional investors have recently made changes to their positions in the company. Quarry LP increased its stake in shares of Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares in the last quarter. CWM LLC grew its holdings in Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after purchasing an additional 100 shares during the period. Signaturefd LLC increased its position in shares of Hamilton Lane by 13.1% in the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after buying an additional 73 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Hamilton Lane by 32.4% during the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after buying an additional 156 shares during the period. Finally, Icon Wealth Advisors LLC purchased a new position in shares of Hamilton Lane during the 3rd quarter valued at approximately $111,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.