Hamilton Lane (NASDAQ:HLNE) Shares Gap Down – Time to Sell?

Hamilton Lane Incorporated (NASDAQ:HLNE)’s stock price gapped down before the market opened 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 Analyst Weigh In

Several research firms have weighed in on HLNE. Morgan Stanley lifted their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group cut 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 report on Monday, January 6th. Finally, JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $173.14.

Hamilton Lane Price Performance

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 stock has a market capitalization of $8.68 billion, a PE ratio of 28.75 and a beta of 1.25. The company has a 50-day moving average of $158.54 and a two-hundred day moving average of $163.48.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The firm’s revenue was up 34.3% on a year-over-year basis. Sell-side analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.25%. Hamilton Lane’s dividend payout ratio (DPR) is 36.16%.

Hedge Funds Weigh In On Hamilton Lane

A number of large investors have recently bought and sold shares of the business. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares during the last quarter. Farther Finance Advisors LLC raised its position in Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after acquiring an additional 221 shares in the last quarter. CWM LLC increased its holdings in shares of 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 buying an additional 100 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after purchasing an additional 156 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new position in Hamilton Lane in the 3rd quarter worth approximately $111,000. 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.