Hamilton Lane (NASDAQ:HLNE) Sets New 1-Year Low – Time to Sell?

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) reached a new 52-week low on Tuesday . The company traded as low as $111.98 and last traded at $114.93, with a volume of 645120 shares trading hands. The stock had previously closed at $113.96.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HLNE. The Goldman Sachs Group upgraded Hamilton Lane from a “sell” rating to a “neutral” rating and raised their price target for the company from $149.00 to $162.00 in a research note on Thursday, September 18th. JPMorgan Chase & Co. decreased their price target on Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. BMO Capital Markets began coverage on Hamilton Lane in a research note on Friday, October 3rd. They issued an “outperform” rating and a $150.00 price target for the company. Weiss Ratings downgraded Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, Keefe, Bruyette & Woods upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $168.00 to $150.00 in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $157.71.

Hamilton Lane Stock Performance

The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 22.10 and a beta of 1.20. The company has a fifty day moving average of $134.63 and a two-hundred day moving average of $146.52. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.33. The business had revenue of $196.73 million during the quarter, compared to analysts’ expectations of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $1.47 EPS. As a group, equities research analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $146.51, for a total value of $21,976,500.00. Following the completion of the transaction, the insider directly owned 330,015 shares of the company’s stock, valued at $48,350,497.65. The trade was a 31.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds and other institutional investors have recently modified their holdings of the business. WPG Advisers LLC bought a new position in shares of Hamilton Lane in the 1st quarter valued at $26,000. Parkside Financial Bank & Trust increased its stake in shares of Hamilton Lane by 920.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock valued at $29,000 after purchasing an additional 184 shares during the last quarter. First Horizon Corp bought a new position in shares of Hamilton Lane in the 3rd quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Hamilton Lane in the 1st quarter valued at $33,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Hamilton Lane in the 2nd quarter valued at $33,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.