Hamilton Lane (NASDAQ:HLNE) Stock Price Down 9.3% - What's Next?

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) shares were down 9.3% during mid-day trading on Thursday . The stock traded as low as $164.66 and last traded at $159.26. Approximately 89,511 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 442,855 shares. The stock had previously closed at $175.49.

Wall Street Analyst Weigh In

Several analysts have issued reports on HLNE shares. JPMorgan Chase & Co. cut their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Wells Fargo & Company dropped their price objective on Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating for the company in a research note on Friday. Morgan Stanley dropped their price objective on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $166.14.

Hamilton Lane Stock Performance

The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The company has a market cap of $8.30 billion, a P/E ratio of 27.63 and a beta of 1.31. The business has a fifty day moving average of $152.75 and a 200 day moving average of $158.13.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The company had revenue of $197.97 million during the quarter, compared to the consensus estimate of $165.49 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. On average, equities analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be issued a $0.54 dividend. This is an increase from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.16 dividend on an annualized basis and a yield of 1.44%. Hamilton Lane's dividend payout ratio is 36.16%.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors have recently added to or reduced their stakes in HLNE. KBC Group NV raised its holdings in Hamilton Lane by 2,006.2% in the fourth quarter. KBC Group NV now owns 24,032 shares of the company's stock worth $3,558,000 after purchasing an additional 22,891 shares in the last quarter. OLD National Bancorp IN bought a new position in Hamilton Lane in the fourth quarter worth $222,000. Retirement Systems of Alabama raised its holdings in Hamilton Lane by 3.2% in the fourth quarter. Retirement Systems of Alabama now owns 50,790 shares of the company's stock worth $7,519,000 after purchasing an additional 1,552 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Hamilton Lane by 10.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,689 shares of the company's stock worth $1,285,000 after purchasing an additional 789 shares in the last quarter. Finally, Caitlin John LLC raised its holdings in Hamilton Lane by 4.8% in the fourth quarter. Caitlin John LLC now owns 10,223 shares of the company's stock worth $1,514,000 after purchasing an additional 466 shares in the last quarter. 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.