Hamilton Lane (NASDAQ:HLNE) Reaches New 12-Month Low – Here’s What Happened

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) hit a new 52-week low on Thursday . The stock traded as low as $84.08 and last traded at $86.74, with a volume of 587442 shares changing hands. The stock had previously closed at $87.12.

Analysts Set New Price Targets

HLNE has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Morgan Stanley lowered their price target on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. BMO Capital Markets lowered their price target on shares of Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Oppenheimer lowered their price target on shares of Hamilton Lane from $230.00 to $171.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Finally, UBS Group lowered their price target on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Six investment analysts have rated the stock with 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 target price of $155.38.

Hamilton Lane Price Performance

The stock’s 50-day simple moving average is $97.19 and its 200 day simple moving average is $118.67. 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 company has a market cap of $4.75 billion, a price-to-earnings ratio of 15.29 and a beta of 1.18.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HLNE. Millennium Management LLC lifted its position in Hamilton Lane by 418.8% in the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock valued at $142,946,000 after buying an additional 856,112 shares during the last quarter. Principal Financial Group Inc. lifted its position in Hamilton Lane by 148.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock valued at $145,844,000 after buying an additional 648,588 shares during the last quarter. Norges Bank acquired a new position in Hamilton Lane in the fourth quarter valued at about $68,657,000. Balyasny Asset Management L.P. lifted its position in Hamilton Lane by 117.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 756,148 shares of the company’s stock valued at $101,558,000 after buying an additional 409,013 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in Hamilton Lane in the fourth quarter valued at about $48,820,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

About Hamilton Lane

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.