Short Interest in Hamilton Lane Incorporated (NASDAQ:HLNE) Increases By 8.0%

Hamilton Lane Incorporated (NASDAQ:HLNE) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 681,500 shares, a growth of 8.0% from the May 31st total of 631,300 shares. Based on an average daily trading volume, of 238,300 shares, the days-to-cover ratio is presently 2.9 days. Currently, 1.9% of the company’s stock are short sold.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE traded up $2.88 during trading on Tuesday, reaching $126.00. The company had a trading volume of 101,514 shares, compared to its average volume of 259,793. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.02 and a quick ratio of 3.02. Hamilton Lane has a fifty-two week low of $76.47 and a fifty-two week high of $130.97. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 33.83 and a beta of 1.17. The stock’s fifty day moving average price is $118.77 and its 200 day moving average price is $114.88.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.38. Hamilton Lane had a return on equity of 31.07% and a net margin of 25.43%. The firm had revenue of $176.67 million for the quarter, compared to the consensus estimate of $134.72 million. As a group, equities research analysts predict that Hamilton Lane will post 4.51 EPS for the current year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.56%. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, June 14th. Hamilton Lane’s payout ratio is presently 53.12%.

Institutional Trading of Hamilton Lane

A number of institutional investors have recently bought and sold shares of HLNE. Principal Securities Inc. acquired a new stake in Hamilton Lane during the fourth quarter worth about $26,000. USA Financial Formulas bought a new position in Hamilton Lane during the 4th quarter worth approximately $28,000. Covestor Ltd lifted its holdings in Hamilton Lane by 14,900.0% during the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after buying an additional 298 shares during the last quarter. GAMMA Investing LLC bought a new position in Hamilton Lane during the 4th quarter worth approximately $48,000. Finally, SRS Capital Advisors Inc. lifted its holdings in Hamilton Lane by 345.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock worth $58,000 after buying an additional 394 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $118.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, May 24th. UBS Group lifted their price objective on Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $114.29.

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.