Hamilton Lane Incorporated (NASDAQ:HLNE) Short Interest Update

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 992,700 shares, a growth of 24.6% from the February 29th total of 796,500 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily volume of 252,300 shares, the days-to-cover ratio is presently 3.9 days.

Insider Activity at Hamilton Lane

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the completion of the transaction, the insider now owns 480,015 shares in the company, valued at $51,841,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 26.82% of the company's stock.

Hedge Funds Weigh In On Hamilton Lane

A number of hedge funds have recently modified their holdings of HLNE. Principal Securities Inc. acquired a new position in Hamilton Lane in the fourth quarter worth approximately $26,000. USA Financial Formulas acquired a new position in shares of Hamilton Lane during the 4th quarter worth $28,000. GAMMA Investing LLC acquired a new position in shares of Hamilton Lane during the 4th quarter worth $48,000. SRS Capital Advisors Inc. raised its holdings in shares of Hamilton Lane by 345.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 508 shares of the company's stock valued at $58,000 after purchasing an additional 394 shares in the last quarter. Finally, KBC Group NV acquired a new stake in shares of Hamilton Lane in the 4th quarter valued at $67,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Hamilton Lane from $102.00 to $126.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 24th. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $106.00 to $111.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. Finally, Oppenheimer lowered shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $102.33.

Hamilton Lane Trading Up 1.7 %

Shares of NASDAQ:HLNE traded up $1.89 during mid-day trading on Friday, hitting $112.76. The stock had a trading volume of 346,329 shares, compared to its average volume of 334,349. The company's 50 day moving average is $113.40 and its 200-day moving average is $102.73. Hamilton Lane has a 12-month low of $62.86 and a 12-month high of $121.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.58 and a current ratio of 2.58. The company has a market cap of $6.09 billion, a PE ratio of 34.70 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.17). The business had revenue of $125.26 million during the quarter, compared to analysts' expectations of $130.47 million. Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. Hamilton Lane's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 EPS. On average, sell-side analysts predict that Hamilton Lane will post 3.55 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Friday, March 15th will be given a $0.445 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a yield of 1.58%. Hamilton Lane's payout ratio is 54.77%.

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.

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