Hamilton Lane Incorporated (NASDAQ:HLNE) Short Interest Down 12.2% in November

Hamilton Lane Incorporated (NASDAQ:HLNE) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 1,010,000 shares, a decline of 12.2% from the November 15th total of 1,150,000 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average trading volume of 439,200 shares, the days-to-cover ratio is currently 2.3 days.

Hamilton Lane Stock Performance

Shares of HLNE traded down $1.99 on Friday, reaching $169.24. The company’s stock had a trading volume of 510,141 shares, compared to its average volume of 320,171. The stock’s 50 day simple moving average is $184.59 and its two-hundred day simple moving average is $155.35. The stock has a market capitalization of $9.38 billion, a P/E ratio of 36.71 and a beta of 1.19. Hamilton Lane has a 12-month low of $103.42 and a 12-month high of $203.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 EPS. Research analysts forecast that Hamilton Lane will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s payout ratio is currently 42.52%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group raised their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a report on Thursday. Morgan Stanley boosted their price target on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $184.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HLNE. Quarry LP raised its stake in Hamilton Lane by 316.2% during the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after buying an additional 73 shares during the period. CWM LLC raised its holdings in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after purchasing an additional 100 shares in the last quarter. Fifth Third Bancorp boosted its position in Hamilton Lane by 106.5% during the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after acquiring an additional 358 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after buying an additional 156 shares during the last quarter. 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.