Short Interest in Hamilton Lane Incorporated (NASDAQ:HLNE) Declines By 14.7%

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 1,450,000 shares, a decrease of 14.7% from the September 30th total of 1,700,000 shares. Based on an average daily trading volume, of 411,600 shares, the days-to-cover ratio is presently 3.5 days. Currently, 4.0% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Morgan Stanley lifted their price target on Hamilton Lane from $140.00 to $182.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. The Goldman Sachs Group upped their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. UBS Group boosted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $135.00 to $145.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $160.50.

Hamilton Lane Trading Up 0.1 %

Shares of HLNE stock traded up $0.21 during mid-day trading on Tuesday, reaching $182.82. The company's stock had a trading volume of 330,056 shares, compared to its average volume of 312,519. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $9.87 billion, a PE ratio of 49.54 and a beta of 1.19. The company's 50 day simple moving average is $163.75 and its 200-day simple moving average is $138.85. Hamilton Lane has a 12-month low of $81.29 and a 12-month high of $183.21.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The company had revenue of $196.73 million for the quarter, compared to analyst estimates of $149.84 million. During the same period last year, the company posted $0.94 earnings per share. On average, research analysts predict that Hamilton Lane will post 4.9 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.07%. The ex-dividend date was Monday, September 16th. Hamilton Lane's dividend payout ratio (DPR) is presently 53.12%.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Park Avenue Securities LLC grew its stake in shares of Hamilton Lane by 12.2% during the first quarter. Park Avenue Securities LLC now owns 2,733 shares of the company's stock valued at $308,000 after acquiring an additional 298 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Hamilton Lane by 25.6% in the first quarter. BNP Paribas Financial Markets now owns 27,218 shares of the company's stock valued at $3,069,000 after buying an additional 5,549 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Hamilton Lane by 14.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,522 shares of the company's stock worth $510,000 after buying an additional 571 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Hamilton Lane during the 1st quarter worth approximately $89,000. Finally, FORA Capital LLC acquired a new position in shares of Hamilton Lane in the 1st quarter worth approximately $577,000. Hedge funds and other 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.