Hamilton Lane (NASDAQ:HLNE) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Hamilton Lane Inc. (NASDAQ:HLNE) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $95.49 and traded as low as $93.48. Hamilton Lane shares last traded at $93.88, with a volume of 627,989 shares trading hands.

Analyst Ratings Changes

HLNE has been the topic of a number of research reports. UBS Group lifted their price target on shares of Hamilton Lane from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Zacks Research lowered shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Hamilton Lane in a research report on Friday, October 2nd. Wells Fargo & Company upped their target price on shares of Hamilton Lane from $103.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 4th. Finally, Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, November 4th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.12.

Hamilton Lane Stock Down 3.0%

The firm’s 50-day simple moving average is $88.65 and its 200 day simple moving average is $95.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.37 and a current ratio of 3.37. The stock has a market capitalization of $5.21 billion, a P/E ratio of 13.93 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.33. The company had revenue of $204.43 million during the quarter, compared to analysts’ expectations of $215.23 million. Hamilton Lane had a return on equity of 23.47% and a net margin of 32.40%. Hamilton Lane’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.54 EPS. As a group, research analysts expect that Hamilton Lane Inc. will post 7.61 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Monday, December 21st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, December 21st. Hamilton Lane’s dividend payout ratio (DPR) is currently 35.61%.

Institutional Trading of Hamilton Lane

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its position in shares of Hamilton Lane by 1.7% in the first quarter. Principal Financial Group Inc. now owns 1,103,913 shares of the company’s stock valued at $109,725,000 after purchasing an additional 18,063 shares during the last quarter. Janus Henderson Group PLC increased its stake in Hamilton Lane by 12.9% in the first quarter. Janus Henderson Group PLC now owns 905,660 shares of the company’s stock valued at $90,045,000 after acquiring an additional 103,663 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of Hamilton Lane by 9.7% during the 1st quarter. Van Berkom & Associates Inc. now owns 833,307 shares of the company’s stock worth $82,831,000 after buying an additional 73,679 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Hamilton Lane by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 678,579 shares of the company’s stock worth $67,450,000 after purchasing an additional 12,115 shares in the last quarter. Finally, Copeland Capital Management LLC grew its position in Hamilton Lane by 52.5% during the 3rd quarter. Copeland Capital Management LLC now owns 741,678 shares of the company’s stock worth $64,422,000 after acquiring an additional 255,238 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a global investment management firm focused on private markets. The company serves institutional investors and private wealth clients, offering discretionary investment management and advisory services to help clients build and manage private markets portfolios. Its strategies include investments in private equity, private credit, infrastructure and other private market assets. Hamilton Lane provides access through commingled funds, customized separate accounts, secondary investments and direct or co-investments.