Hamilton Lane Inc. (NASDAQ:HLNE) Short Interest Update

Hamilton Lane Inc. (NASDAQ:HLNE) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 3,037,303 shares, a growth of 18.4% from the February 12th total of 2,565,848 shares. Based on an average trading volume of 970,348 shares, the short-interest ratio is presently 3.1 days. Currently, 7.0% of the company’s stock are sold short. Currently, 7.0% of the company’s stock are sold short. Based on an average trading volume of 970,348 shares, the short-interest ratio is presently 3.1 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Quarry LP boosted its position 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 buying an additional 179 shares during the last quarter. Advisory Services Network LLC purchased a new position in Hamilton Lane during the 3rd quarter worth approximately $26,000. Cornerstone Planning Group LLC lifted its stake in Hamilton Lane by 347.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after acquiring an additional 153 shares during the period. Hantz Financial Services Inc. lifted its stake in Hamilton Lane by 80.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after acquiring an additional 95 shares during the period. Finally, First Horizon Corp purchased a new stake in shares of Hamilton Lane in the 3rd quarter valued at $31,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded up $3.40 during midday trading on Tuesday, reaching $100.56. The company had a trading volume of 489,484 shares, compared to its average volume of 1,002,930. Hamilton Lane has a 1 year low of $92.77 and a 1 year high of $179.19. The business’s 50-day simple moving average is $126.84 and its 200 day simple moving average is $129.87. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.61 billion, a P/E ratio of 18.05 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. The firm had revenue of $198.59 million for the quarter, compared to analyst estimates of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. On average, analysts forecast that Hamilton Lane 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. Shareholders of record on Friday, March 20th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s payout ratio is presently 38.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley set a $159.00 price target on Hamilton Lane in a research report on Tuesday, January 27th. UBS Group dropped their target price on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Oppenheimer upped their target price on Hamilton Lane from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hamilton Lane in a research note on Thursday, January 22nd. Finally, Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.00.

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.