Hamilton Lane (NASDAQ:HLNE) Stock Breaks Below 200-Day Moving Average - What's Next?

Key Points

• Hamilton Lane shares fell below their 200-day moving average, trading as low as $93.48 and last at $93.88, versus the average of $95.49.
• Analyst sentiment remains generally positive: the stock has a consensus “Moderate Buy” rating and an average price target of $126.12, despite BMO cutting its target to $95.
• Quarterly earnings beat estimates at $1.98 per share versus $1.65 expected, while revenue of $204.43 million missed forecasts; revenue was still up 7.1% year over year. The company also announced a $0.60 quarterly dividend.

Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $95.49 and traded as low as $93.48. Hamilton Lane shares last traded at $93.88, with a volume of 627,989 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HLNE shares. The Goldman Sachs Group restated a "buy" rating and issued a $117.00 price objective on shares of Hamilton Lane in a research report on Friday, October 2nd. BMO Capital Markets decreased their price objective on Hamilton Lane from $116.00 to $95.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 27th. Morgan Stanley set a $118.00 target price on Hamilton Lane in a research note on Friday, October 16th. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, November 4th. Finally, Weiss Ratings upgraded Hamilton Lane from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 31st. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Hamilton Lane currently has a consensus rating of "Moderate Buy" and an average price target of $126.12.

Hamilton Lane Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.37 and a current ratio of 3.37. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 13.93 and a beta of 1.16. The firm's 50-day moving average price is $88.65 and its 200 day moving average price is $95.49.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.33. Hamilton Lane had a net margin of 32.40% and a return on equity of 23.47%. The business had revenue of $204.43 million for the quarter, compared to analyst estimates of $215.23 million. During the same period in the prior year, the business posted $1.54 earnings per share. Hamilton Lane's revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Hamilton Lane Inc. will post 7.61 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Monday, December 21st will be given a dividend of $0.60 per share. The ex-dividend date is Monday, December 21st. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. Hamilton Lane's payout ratio is presently 35.61%.

Institutional Investors Weigh In On Hamilton Lane

Several large investors have recently bought and sold shares of HLNE. Principal Financial Group Inc. boosted its position in shares of Hamilton Lane by 1.7% during the first quarter. Principal Financial Group Inc. now owns 1,103,913 shares of the company's stock worth $109,725,000 after purchasing an additional 18,063 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Hamilton Lane by 12.9% during the first quarter. Janus Henderson Group PLC now owns 905,660 shares of the company's stock worth $90,045,000 after acquiring an additional 103,663 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in Hamilton Lane by 9.7% during the first quarter. Van Berkom & Associates Inc. now owns 833,307 shares of the company's stock worth $82,831,000 after acquiring an additional 73,679 shares in the last quarter. Copeland Capital Management LLC grew its stake in Hamilton Lane by 52.5% in the third quarter. Copeland Capital Management LLC now owns 741,678 shares of the company's stock valued at $64,422,000 after acquiring an additional 255,238 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Hamilton Lane by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 678,579 shares of the company's stock worth $67,450,000 after acquiring an additional 12,115 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a global investment management firm focused on private markets. The company serves institutional investors and private wealth clients, offering discretionary investment management and advisory services to help clients build and manage private markets portfolios. Its strategies include investments in private equity, private credit, infrastructure and other private market assets. Hamilton Lane provides access through commingled funds, customized separate accounts, secondary investments and direct or co-investments.

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