Hamilton Lane Incorporated (NASDAQ:HLNE) Short Interest Down 8.0% in October

Hamilton Lane Incorporated (NASDAQ:HLNEGet Rating) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 994,100 shares, a decrease of 8.0% from the October 15th total of 1,080,000 shares. Based on an average daily trading volume, of 193,100 shares, the days-to-cover ratio is presently 5.1 days. Approximately 2.9% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Hamilton Lane from $72.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, October 19th. UBS Group dropped their target price on shares of Hamilton Lane from $75.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, October 19th.

Hamilton Lane Trading Up 0.6 %

Shares of HLNE opened at $74.32 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.37. Hamilton Lane has a 12-month low of $55.81 and a 12-month high of $115.48. The firm has a 50-day moving average price of $64.77 and a 200 day moving average price of $67.82. The firm has a market capitalization of $4.00 billion, a P/E ratio of 20.25 and a beta of 0.98.

Hamilton Lane (NASDAQ:HLNEGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.44. Hamilton Lane had a net margin of 33.72% and a return on equity of 45.45%. The firm had revenue of $153.38 million during the quarter, compared to analyst estimates of $102.51 million. Sell-side analysts forecast that Hamilton Lane will post 3.61 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Thursday, December 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, December 14th. Hamilton Lane’s dividend payout ratio is currently 43.60%.

Institutional Investors Weigh In On Hamilton Lane

Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Hamilton Lane by 13.8% in the first quarter. Wellington Management Group LLP now owns 4,119,730 shares of the company’s stock valued at $318,414,000 after buying an additional 498,381 shares during the last quarter. Vanguard Group Inc. lifted its position in Hamilton Lane by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,028,084 shares of the company’s stock valued at $234,040,000 after buying an additional 18,567 shares during the last quarter. Invesco Ltd. lifted its position in Hamilton Lane by 2.8% in the first quarter. Invesco Ltd. now owns 1,117,166 shares of the company’s stock valued at $86,345,000 after buying an additional 30,563 shares during the last quarter. Clearbridge Investments LLC lifted its position in Hamilton Lane by 24.3% in the second quarter. Clearbridge Investments LLC now owns 1,071,630 shares of the company’s stock valued at $71,992,000 after buying an additional 209,377 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in Hamilton Lane by 1.3% in the third quarter. Macquarie Group Ltd. now owns 986,370 shares of the company’s stock valued at $58,820,000 after buying an additional 12,779 shares during the last quarter. Hedge funds and other institutional investors own 64.80% of the company’s stock.

About Hamilton Lane

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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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