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

Hamilton Lane Inc. (NASDAQ:HLNE)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $107.06 and last traded at $113.00, with a volume of 1410373 shares. The stock had previously closed at $123.19.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HLNE. JPMorgan Chase & Co. boosted their target price on Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. UBS Group decreased their price objective on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a report on Friday. The Goldman Sachs Group raised shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.00.

Hamilton Lane Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27. The company’s 50-day moving average price is $138.16 and its 200-day moving average price is $136.16. The company has a market cap of $5.97 billion, a P/E ratio of 19.21 and a beta of 1.30.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.27. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The firm 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% compared to the same quarter last year. As a group, sell-side analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, March 20th. Hamilton Lane’s dividend payout ratio (DPR) is presently 38.78%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Hamilton Lane during the 2nd quarter valued at $46,641,000. Edgestream Partners L.P. bought a new stake in Hamilton Lane in the second quarter worth $1,472,000. New York State Common Retirement Fund grew its stake in shares of Hamilton Lane by 26.8% in the third quarter. New York State Common Retirement Fund now owns 99,749 shares of the company’s stock worth $13,445,000 after acquiring an additional 21,065 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Hamilton Lane in the second quarter worth $1,492,000. Finally, Caxton Associates LLP acquired a new position in shares of Hamilton Lane during the second quarter worth $1,180,000. 97.40% of the stock is owned by institutional investors and hedge funds.

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.