Hamilton Lane (NASDAQ:HLNE) Hits New 12-Month Low – Should You Sell?

Hamilton Lane Inc. (NASDAQ:HLNE) reached a new 52-week low on Wednesday . The stock traded as low as $84.05 and last traded at $84.11, with a volume of 554658 shares changing hands. The stock had previously closed at $86.75.

Wall Street Analysts Forecast Growth

HLNE has been the topic of several analyst reports. Oppenheimer lowered their target price on Hamilton Lane from $230.00 to $171.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. BMO Capital Markets lowered their target price on Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research report on Monday. Zacks Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hamilton Lane presently has an average rating of “Moderate Buy” and a consensus price target of $153.13.

Hamilton Lane Stock Down 3.0%

The company has a 50-day moving average price of $96.27 and a 200 day moving average price of $118.22. The firm has a market capitalization of $4.69 billion, a PE ratio of 15.10 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27.

Hedge Funds Weigh In On Hamilton Lane

Large investors have recently made changes to their positions in the business. Quarry LP lifted its position in shares of 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 acquiring an additional 179 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Hamilton Lane in the third quarter worth about $26,000. Cornerstone Planning Group LLC lifted its position in shares of Hamilton Lane by 347.7% in the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock worth $27,000 after buying an additional 153 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Hamilton Lane by 80.5% in the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after buying an additional 95 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Hamilton Lane by 81.2% in the fourth quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock worth $32,000 after buying an additional 108 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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.