Hamilton Lane (NASDAQ:HLNE) Sees Large Volume Increase After Dividend Announcement

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) saw unusually-strong trading volume on Monday following a dividend announcement from the company. Approximately 460,988 shares traded hands during trading, an increase of 44% from the previous session’s volume of 320,164 shares.The stock last traded at $168.43 and had previously closed at $168.75.

The newly announced dividend which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.29%. Hamilton Lane’s dividend payout ratio is currently 42.52%.

Wall Street Analyst Weigh In

HLNE has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. The Goldman Sachs Group boosted their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Finally, UBS Group boosted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hamilton Lane presently has an average rating of “Hold” and an average target price of $184.33.

Hamilton Lane Stock Down 6.7 %

The business’s fifty day moving average price is $183.86 and its 200 day moving average price is $156.12. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 33.08 and a beta of 1.19. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. Hamilton Lane’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 EPS. On average, equities analysts expect that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its stake in Hamilton Lane by 239.9% in the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after purchasing an additional 3,922 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Hamilton Lane by 13.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 45,956 shares of the company’s stock valued at $5,679,000 after purchasing an additional 5,412 shares during the last quarter. Icon Wealth Advisors LLC acquired a new position in Hamilton Lane in the 3rd quarter valued at about $819,000. Royce & Associates LP acquired a new position in Hamilton Lane in the 3rd quarter valued at about $538,000. Finally, BNP Paribas Financial Markets raised its stake in Hamilton Lane by 8.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,050 shares of the company’s stock valued at $6,744,000 after purchasing an additional 3,223 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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.