Hamilton Lane Inc (NASDAQ:HLNE) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 793,200 shares, a decline of 9.7% from the January 15th total of 878,400 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 118,000 shares, the short-interest ratio is presently 6.7 days.

HLNE has been the topic of a number of research analyst reports. Wells Fargo & Co boosted their target price on Hamilton Lane from $62.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. William Blair initiated coverage on Hamilton Lane in a research note on Friday, February 7th. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. ValuEngine upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, BidaskClub upgraded Hamilton Lane from a “buy” rating to a “strong-buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $68.00.

Hamilton Lane stock traded down $1.26 during trading on Friday, hitting $71.80. The stock had a trading volume of 89,920 shares. Hamilton Lane has a 1 year low of $40.85 and a 1 year high of $74.01. The stock’s 50 day moving average is $65.33 and its two-hundred day moving average is $59.97.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $68.14 million during the quarter, compared to analysts’ expectations of $73.30 million. During the same quarter in the previous year, the company posted $0.62 EPS. As a group, equities research analysts forecast that Hamilton Lane will post 1.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Monday, March 16th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.10 annualized dividend and a yield of 1.53%.

In other news, major shareholder Tara Devlin sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $55.57, for a total value of $555,700.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 43.91% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Amalgamated Bank lifted its stake in Hamilton Lane by 4.2% in the fourth quarter. Amalgamated Bank now owns 4,034 shares of the company’s stock valued at $240,000 after purchasing an additional 163 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Hamilton Lane by 75.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 510 shares of the company’s stock valued at $30,000 after purchasing an additional 220 shares during the last quarter. Ellis Investment Partners LLC lifted its stake in Hamilton Lane by 93.8% in the fourth quarter. Ellis Investment Partners LLC now owns 500 shares of the company’s stock valued at $30,000 after purchasing an additional 242 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Hamilton Lane by 10.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,734 shares of the company’s stock valued at $163,000 after purchasing an additional 261 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in Hamilton Lane by 22.7% in the fourth quarter. Advisor Group Inc. now owns 2,158 shares of the company’s stock valued at $129,000 after purchasing an additional 399 shares during the last quarter. Institutional investors and hedge funds own 50.34% of the company’s stock.

Hamilton Lane Company Profile

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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