Hamilton Lane Incorporated (NASDAQ:HLNE) Short Interest Update

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,930,000 shares, an increase of 25.8% from the February 28th total of 2,330,000 shares. Currently, 7.6% of the shares of the stock are sold short. Based on an average daily volume of 533,500 shares, the short-interest ratio is presently 5.5 days.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HLNE. The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target for the company. in a report on Monday, January 6th. Wells Fargo & Company dropped their target price on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Finally, Oppenheimer upgraded 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $170.71.

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Institutional Investors Weigh In On Hamilton Lane

Several institutional investors and hedge funds have recently made changes to their positions in the business. Citigroup Inc. boosted its holdings in shares of Hamilton Lane by 133.9% during the 3rd quarter. Citigroup Inc. now owns 34,370 shares of the company's stock worth $5,788,000 after buying an additional 19,677 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Hamilton Lane by 102.5% during the third quarter. The Manufacturers Life Insurance Company now owns 47,119 shares of the company's stock worth $7,934,000 after acquiring an additional 23,854 shares in the last quarter. FMR LLC grew its holdings in Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company's stock worth $936,000 after purchasing an additional 3,922 shares during the period. BNP Paribas Financial Markets increased its stake in Hamilton Lane by 8.8% in the third quarter. BNP Paribas Financial Markets now owns 40,050 shares of the company's stock valued at $6,744,000 after purchasing an additional 3,223 shares in the last quarter. Finally, Bridgewater Associates LP increased its stake in Hamilton Lane by 113.0% in the third quarter. Bridgewater Associates LP now owns 5,424 shares of the company's stock valued at $913,000 after purchasing an additional 2,878 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Trading Down 3.7 %

NASDAQ:HLNE traded down $5.23 on Friday, reaching $135.66. 1,098,402 shares of the stock traded hands, compared to its average volume of 401,678. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane has a 1-year low of $108.34 and a 1-year high of $203.72. The company's 50 day moving average is $152.82 and its 200-day moving average is $164.77. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 25.03 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. The company had revenue of $168.26 million during 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%. Hamilton Lane's revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. Equities research analysts anticipate that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's dividend payout ratio is 36.16%.

About Hamilton Lane

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.