Hamilton Lane (NASDAQ:HLNE) Hits New 52-Week Low – What’s Next?

Hamilton Lane Inc. (NASDAQ:HLNE) shares reached a new 52-week low on Thursday . The stock traded as low as $92.48 and last traded at $92.1740, with a volume of 15139 shares traded. The stock had previously closed at $97.01.

Wall Street Analysts Forecast Growth

Several research firms have commented on HLNE. Keefe, Bruyette & Woods boosted their price objective on Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. raised their target price on Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Morgan Stanley set a $159.00 target price on Hamilton Lane in a research report on Tuesday, January 27th. BMO Capital Markets dropped their price target on Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Finally, Oppenheimer increased their price objective on Hamilton Lane from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $165.00.

Hamilton Lane Stock Performance

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’s fifty day simple moving average is $115.75 and its 200 day simple moving average is $126.18. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 16.62 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.27. The business had revenue of $198.59 million for the quarter, compared to analysts’ expectations of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. As a group, analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s payout ratio is currently 38.78%.

Institutional Investors Weigh In On Hamilton Lane

Hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. increased its position in Hamilton Lane by 152.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,368 shares of the company’s stock worth $318,000 after purchasing an additional 1,429 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Hamilton Lane by 12.5% in the 4th quarter. Pacer Advisors Inc. now owns 5,995 shares of the company’s stock valued at $805,000 after purchasing an additional 665 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Hamilton Lane in the 4th quarter valued at about $279,000. Fuller & Thaler Asset Management Inc. grew its stake in shares of Hamilton Lane by 39.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 60,401 shares of the company’s stock valued at $8,113,000 after buying an additional 17,002 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Hamilton Lane by 2.8% during the 4th quarter. Empowered Funds LLC now owns 20,992 shares of the company’s stock worth $2,819,000 after buying an additional 571 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Company Profile

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.