Hamilton Lane (NASDAQ:HLNE) Reaches New 52-Week Low – Time to Sell?

Hamilton Lane Inc. (NASDAQ:HLNE) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $107.06 and last traded at $113.00, with a volume of 1410373 shares changing hands. The stock had previously closed at $123.19.

Analyst Ratings Changes

HLNE has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. UBS Group raised their price target on shares of Hamilton Lane from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group raised shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.25.

Hamilton Lane Stock Performance

The company has a fifty day moving average of $138.62 and a two-hundred day moving average of $136.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 20.29 and a beta of 1.30.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $195.36 million. During the same period last year, the company earned $1.25 EPS. The firm’s revenue was up 18.0% compared to the same quarter last year. Equities research analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $2.16 annualized dividend and a dividend yield of 1.9%. Hamilton Lane’s payout ratio is currently 38.78%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HLNE. Mercer Global Advisors Inc. ADV bought a new position in shares of Hamilton Lane during the fourth quarter worth about $279,000. Fuller & Thaler Asset Management Inc. raised its holdings in Hamilton Lane by 39.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 60,401 shares of the company’s stock worth $8,113,000 after purchasing an additional 17,002 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Hamilton Lane by 2.8% in the 4th quarter. Empowered Funds LLC now owns 20,992 shares of the company’s stock worth $2,819,000 after purchasing an additional 571 shares during the period. XTX Topco Ltd boosted its stake in shares of Hamilton Lane by 827.2% in the 4th quarter. XTX Topco Ltd now owns 17,126 shares of the company’s stock valued at $2,300,000 after purchasing an additional 15,279 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its stake in Hamilton Lane by 27.2% during the fourth quarter. Voloridge Investment Management LLC now owns 300,780 shares of the company’s stock worth $40,398,000 after buying an additional 64,335 shares during the last quarter. 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.