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

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) gapped down before the market opened 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 changing hands.

Analyst Ratings Changes

Several analysts have weighed in on HLNE shares. Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. boosted their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. UBS Group raised their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Morgan Stanley boosted their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group cut shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price on the stock. in a report on Monday. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, Hamilton Lane presently has an average rating of "Hold" and an average target price of $175.00.

Hamilton Lane Stock Down 2.3 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The stock has a market capitalization of $8.13 billion, a PE ratio of 31.83 and a beta of 1.24. The company has a 50 day moving average price of $177.32 and a 200-day moving average price of $158.96.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. As a group, analysts forecast that Hamilton Lane Incorporated will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a dividend of $0.49 per share. The ex-dividend date is Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.34%. Hamilton Lane's payout ratio is 42.52%.

Institutional Investors Weigh In On Hamilton Lane

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLNE. Quarry LP lifted its holdings in shares of 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 during the last quarter. CWM LLC increased its position in Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company's stock valued at $85,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC raised its stake in 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 purchased a new stake in shares of Hamilton Lane in the third quarter worth $111,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Hamilton Lane during the third quarter valued at $127,000. 97.40% of the stock is owned by hedge funds and other 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.