Hamilton Lane (NASDAQ:HLNE) Reaches New 12-Month Low – Should You Sell?

Hamilton Lane Inc. (NASDAQ:HLNE) hit a new 52-week low on Thursday . The stock traded as low as $92.48 and last traded at $92.1740, with a volume of 15139 shares changing hands. The stock had previously closed at $97.01.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HLNE. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hamilton Lane in a research note on Thursday, January 22nd. Morgan Stanley set a $159.00 target price on shares of Hamilton Lane in a report on Tuesday, January 27th. Zacks Research raised shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. BMO Capital Markets decreased their price objective on Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hamilton Lane presently has an average rating of “Moderate Buy” and an average price target of $165.00.

Hamilton Lane Stock Performance

The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average price is $113.49 and its two-hundred day moving average price is $125.59. The company has a market capitalization of $5.25 billion, a PE ratio of 16.91 and a beta of 1.33.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.28 by $0.27. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The business had revenue of $198.59 million during the quarter, compared to analyst estimates of $195.36 million. During the same period in the prior year, the business earned $1.25 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. Sell-side analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, March 20th. Hamilton Lane’s dividend payout ratio (DPR) is presently 38.78%.

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds have recently added to or reduced their stakes in HLNE. Quarry LP grew its stake in shares of Hamilton Lane by 2,557.1% in the 3rd 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 bought a new position in Hamilton Lane in the third quarter worth approximately $26,000. Cornerstone Planning Group LLC boosted its stake in Hamilton Lane by 347.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock worth $27,000 after purchasing an additional 153 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Hamilton Lane by 80.5% during the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after buying an additional 95 shares during the period. Finally, First Horizon Corp purchased a new position in Hamilton Lane in the 3rd quarter worth $31,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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.