Hamilton Lane (NASDAQ:HLNE) Hits New 1-Year Low – Here’s What Happened

Hamilton Lane Inc. (NASDAQ:HLNE)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $85.90 and last traded at $87.11, with a volume of 23940 shares. The stock had previously closed at $88.96.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BMO Capital Markets cut their price target on shares of Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Morgan Stanley lowered their target price on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Lane in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.38.

Hamilton Lane Price Performance

The business’s 50 day moving average is $99.52 and its two-hundred day moving average is $120.03. The firm has a market cap of $4.97 billion, a P/E ratio of 15.99 and a beta of 1.18. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating 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 firm had revenue of $198.59 million during the quarter, compared to the consensus estimate of $195.36 million. During the same period in the previous year, the firm posted $1.25 earnings per share. The business’s revenue was up 18.0% compared to the same quarter last year. As a group, analysts anticipate that Hamilton Lane Inc. will post 6.2 earnings per share for the current year.

Institutional Investors Weigh In On Hamilton Lane

Several hedge funds and other institutional investors have recently bought and sold shares of HLNE. Quarry LP increased its stake in Hamilton Lane by 2,557.1% in the third quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after purchasing an additional 179 shares in the last quarter. Advisory Services Network LLC bought a new stake in Hamilton Lane in the third quarter valued at $26,000. Cornerstone Planning Group LLC increased its stake in Hamilton Lane by 347.7% in the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after purchasing an additional 153 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Hamilton Lane by 80.5% in the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after purchasing an additional 95 shares in the last quarter. Finally, First Horizon Corp bought a new stake in Hamilton Lane in the third quarter valued at $31,000. 97.40% of the stock is owned by 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.