Short Interest in Hamilton Lane Incorporated (NASDAQ:HLNE) Expands By 8.0%

Hamilton Lane Incorporated (NASDAQ:HLNE) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 681,500 shares, an increase of 8.0% from the May 31st total of 631,300 shares. Based on an average daily volume of 238,300 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.9% of the shares of the company are short sold.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $126.14 on Thursday. Hamilton Lane has a 12-month low of $76.47 and a 12-month high of $130.97. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 34.18 and a beta of 1.17. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $119.30 and a 200 day moving average of $115.09.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.38. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. The firm had revenue of $176.67 million during the quarter, compared to the consensus estimate of $134.72 million. On average, research analysts anticipate that Hamilton Lane will post 4.51 earnings per share for the current year.

Hamilton Lane Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a dividend of $0.49 per share. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.45. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, June 14th. Hamilton Lane’s payout ratio is presently 53.12%.

Institutional Investors Weigh In On Hamilton Lane

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Hamilton Lane by 8.3% during the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after purchasing an additional 283,190 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Hamilton Lane by 14.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,413,804 shares of the company’s stock valued at $160,382,000 after buying an additional 179,873 shares in the last quarter. TD Asset Management Inc boosted its holdings in Hamilton Lane by 249.5% in the 4th quarter. TD Asset Management Inc now owns 1,143,179 shares of the company’s stock worth $129,682,000 after buying an additional 816,102 shares during the period. Epoch Investment Partners Inc. increased its stake in Hamilton Lane by 108.6% in the 4th quarter. Epoch Investment Partners Inc. now owns 799,351 shares of the company’s stock worth $90,678,000 after buying an additional 416,103 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Hamilton Lane by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 544,233 shares of the company’s stock worth $61,740,000 after buying an additional 22,832 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HLNE has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $118.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, May 24th. JPMorgan Chase & Co. boosted their price objective on shares of Hamilton Lane from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Finally, UBS Group raised their target price on shares of Hamilton Lane from $120.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, June 24th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane has an average rating of “Hold” and a consensus target price of $114.29.

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.