Hamilton Lane (NASDAQ:HLNE) Shares Gap Down – Should You Sell?

Hamilton Lane Incorporated (NASDAQ:HLNE) gapped down prior to trading on Monday . The stock had previously closed at $150.27, but opened at $142.95. Hamilton Lane shares last traded at $144.90, with a volume of 37,821 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HLNE shares. UBS Group increased their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a report on Monday. 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, December 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $175.00.

Hamilton Lane Price Performance

The stock has a market cap of $8.20 billion, a PE ratio of 32.09 and a beta of 1.24. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $175.89 and a two-hundred day simple moving average of $159.37.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $150.00 million during 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%. Hamilton Lane’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Research analysts forecast that Hamilton Lane Incorporated will post 4.87 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is presently 42.52%.

Institutional Investors Weigh In On Hamilton Lane

Several hedge funds have recently added to or reduced their stakes in the stock. Quarry LP raised its holdings in Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 234 shares during the last quarter. CWM LLC lifted its holdings in shares of Hamilton Lane by 24.7% during the third 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. GAMMA Investing LLC boosted 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. Icon Wealth Advisors LLC bought a new stake in Hamilton Lane in the 3rd quarter worth about $111,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Hamilton Lane in the 3rd quarter worth about $127,000. 97.40% of the stock is owned by institutional investors.

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.