Hamilton Lane Incorporated (NASDAQ:HLNE) Short Interest Update


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Hamilton Lane Incorporated (NASDAQ:HLNE) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totalling 1,230,000 shares, an increase of 12.8% from the October 15th total of 1,090,000 shares. Based on an average daily trading volume, of 274,200 shares, the days-to-cover ratio is currently 4.5 days.

Shares of HLNE traded down $1.43 during trading hours on Friday, hitting $71.01. The stock had a trading volume of 169,091 shares, compared to its average volume of 216,806. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.54 and a current ratio of 2.54. The firm has a market cap of $3.75 billion, a P/E ratio of 36.79 and a beta of 0.94. The company’s fifty day simple moving average is $70.71 and its 200 day simple moving average is $68.31. Hamilton Lane has a 12-month low of $36.27 and a 12-month high of $78.07.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.60 by $0.18. Hamilton Lane had a return on equity of 46.19% and a net margin of 19.78%. The company had revenue of $84.40 million for the quarter, compared to analyst estimates of $71.02 million. During the same period last year, the company posted $0.50 earnings per share. The firm’s revenue was up 31.3% compared to the same quarter last year. As a group, sell-side analysts predict that Hamilton Lane will post 1.8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Tuesday, December 15th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 1.76%. The ex-dividend date is Monday, December 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 62.19%.

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 75,000 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $70.18, for a total transaction of $5,263,500.00. Following the sale, the insider now owns 710,015 shares in the company, valued at approximately $49,828,852.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. 34.55% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Hamilton Lane by 50.5% during the third quarter. BlackRock Inc. now owns 3,127,753 shares of the company’s stock valued at $202,023,000 after acquiring an additional 1,049,262 shares in the last quarter. Vanguard Group Inc. grew its position in Hamilton Lane by 14.7% in the second quarter. Vanguard Group Inc. now owns 2,569,448 shares of the company’s stock worth $173,104,000 after buying an additional 330,016 shares during the last quarter. Marshall Wace LLP acquired a new position in Hamilton Lane in the second quarter worth approximately $20,912,000. Jennison Associates LLC grew its position in Hamilton Lane by 2,864.9% in the third quarter. Jennison Associates LLC now owns 247,538 shares of the company’s stock worth $15,988,000 after buying an additional 239,189 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Hamilton Lane by 14.5% in the second quarter. Federated Hermes Inc. now owns 1,595,600 shares of the company’s stock worth $107,496,000 after buying an additional 201,592 shares during the last quarter. 56.94% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on the company. Oppenheimer reiterated a “hold” rating on shares of Hamilton Lane in a report on Tuesday, October 27th. Zacks Investment Research lowered Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Friday, November 13th. Morgan Stanley increased their price target on Hamilton Lane from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 20th. Finally, BidaskClub raised Hamilton Lane from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $75.00.

About Hamilton Lane

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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