Hamilton Lane (NASDAQ:HLNE) Shares Gap Down - What's Next?

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $166.39, but opened at $157.25. Hamilton Lane shares last traded at $157.41, with a volume of 372,166 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a report on Tuesday, January 21st. UBS Group upped their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. 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 research note on Monday, November 11th. Finally, The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Hamilton Lane has an average rating of "Hold" and a consensus target price of $173.14.

Hamilton Lane Trading Up 2.9 %

The company has a market cap of $8.66 billion, a PE ratio of 28.81 and a beta of 1.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 3.37. The company's 50 day simple moving average is $156.42 and its two-hundred day simple moving average is $163.42.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business's quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. As a group, sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.26%. Hamilton Lane's dividend payout ratio (DPR) is 36.16%.

Institutional Trading of Hamilton Lane

Several hedge funds have recently added to or reduced their stakes in HLNE. CBIZ Investment Advisory Services LLC raised its holdings in Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after acquiring an additional 61 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after purchasing an additional 221 shares during the last quarter. CWM LLC increased its stake in Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company's stock valued at $85,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC purchased a new position in Hamilton Lane in the third quarter valued at approximately $111,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Hamilton Lane in the third quarter valued at approximately $127,000. Institutional investors and hedge funds 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.