Hamilton Lane Incorporated (NASDAQ:HLNE) Short Interest Update

Hamilton Lane Incorporated (NASDAQ:HLNE) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,600,000 shares, a growth of 67.1% from the December 15th total of 957,300 shares. Currently, 4.3% of the shares of the company are sold short. Based on an average daily trading volume, of 395,300 shares, the days-to-cover ratio is currently 4.0 days.

Institutional Trading of Hamilton Lane

Several institutional investors and hedge funds have recently modified their holdings of HLNE. Quarry LP increased its position in shares of Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares during the last quarter. CWM LLC increased its holdings in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Hamilton Lane by 32.4% during the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after buying an additional 156 shares in the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane during the 3rd quarter worth $111,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Hamilton Lane in the third quarter worth $127,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

Shares of HLNE stock traded down $1.10 during trading hours on Friday, reaching $148.50. The stock had a trading volume of 167,963 shares, compared to its average volume of 361,313. The stock’s fifty day simple moving average is $170.41 and its 200 day simple moving average is $160.02. 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 firm has a market capitalization of $8.23 billion, a PE ratio of 32.21 and a beta of 1.24. Hamilton Lane has a 12 month low of $103.42 and a 12 month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The firm had revenue of $150.00 million during 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 business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. On average, equities research analysts predict that Hamilton Lane will post 4.88 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.32%. The ex-dividend date was Monday, December 16th. Hamilton Lane’s payout ratio is 42.52%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. UBS Group lifted their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods dropped their price target on shares of Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating on the stock in a research note on Monday. Finally, Morgan Stanley lifted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and an average target price of $168.33.

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.