Hamilton Lane (NASDAQ:HLNE) Hits New 12-Month Low - What's Next?

Key Points

• The stock price of Hamilton Lane Inc. (NASDAQ:HLNE) dropped to a new 52-week low, trading at $123.71 on Monday, which was a decline from its previous close of $127.60.
• Analysts have mixed opinions on the stock, with price targets ranging from $145.00 to $168.00, indicating a consensus rating of "Hold" and an average price target of $164.38.
• Hamilton Lane recently announced a quarterly dividend of $0.54 per share, with an annualized yield of 1.7%, to be paid to shareholders of record on September 19th.

Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $123.71 and last traded at $124.60, with a volume of 42059 shares trading hands. The stock had previously closed at $127.60.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HLNE shares. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. The Goldman Sachs Group raised shares of Hamilton Lane from a "sell" rating to a "neutral" rating and raised their price target for the company from $149.00 to $162.00 in a research report on Thursday, September 18th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Hamilton Lane in a research report on Saturday, September 27th. JPMorgan Chase & Co. decreased their price objective on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, Zacks Research upgraded Hamilton Lane from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Hamilton Lane has an average rating of "Hold" and a consensus price target of $164.38.

Hamilton Lane Stock Down 2.1%

The company has a market cap of $6.96 billion, a PE ratio of 23.99 and a beta of 1.20. The stock has a 50-day moving average of $149.42 and a 200-day moving average of $150.10. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The business had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. During the same period in the prior year, the company earned $1.47 EPS. The company's quarterly revenue was up 11.8% compared to the same quarter last year. Sell-side analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, September 19th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 19th. Hamilton Lane's payout ratio is currently 41.54%.

Insider Buying and Selling at Hamilton Lane

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the firm's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the sale, the insider owned 330,015 shares in the company, valued at approximately $48,350,497.65. This trade represents a 31.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 22.21% of the company's stock.

Institutional Investors Weigh In On Hamilton Lane

Large investors have recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in shares of Hamilton Lane during the 1st quarter valued at about $26,000. Parkside Financial Bank & Trust boosted its stake in Hamilton Lane by 920.0% in the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company's stock worth $29,000 after buying an additional 184 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Hamilton Lane during the first quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd bought a new position in Hamilton Lane during the second quarter valued at approximately $33,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Hamilton Lane by 196.9% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company's stock worth $57,000 after acquiring an additional 254 shares in the last quarter. 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.

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