Hamilton Lane Advisors, L.L.C. (NASDAQ:HLNE) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $45.11 and last traded at $45.26, with a volume of 3450 shares trading hands. The stock had previously closed at $44.74.
Several equities research analysts have recently issued reports on HLNE shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $39.00 target price (up from $38.00) on shares of Hamilton Lane Advisors in a research report on Wednesday, March 7th. Zacks Investment Research lowered Hamilton Lane Advisors from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st.
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The stock has a market cap of $2.16 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 1.70 and a beta of 1.32. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.78.
Hamilton Lane Advisors (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.17. Hamilton Lane Advisors had a return on equity of 70.74% and a net margin of 2.09%. The firm had revenue of $65.01 million during the quarter, compared to analyst estimates of $51.39 million. The firm’s quarterly revenue was up 53.6% on a year-over-year basis. analysts predict that Hamilton Lane Advisors, L.L.C. will post 1.45 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Wasatch Advisors Inc. grew its stake in shares of Hamilton Lane Advisors by 66.0% during the 4th quarter. Wasatch Advisors Inc. now owns 1,677,342 shares of the company’s stock worth $59,361,000 after acquiring an additional 667,181 shares during the period. Federated Investors Inc. PA grew its stake in shares of Hamilton Lane Advisors by 0.7% during the 1st quarter. Federated Investors Inc. PA now owns 1,226,980 shares of the company’s stock worth $45,681,000 after acquiring an additional 8,335 shares during the period. BlackRock Inc. grew its stake in shares of Hamilton Lane Advisors by 32.4% during the 1st quarter. BlackRock Inc. now owns 1,012,796 shares of the company’s stock worth $37,706,000 after acquiring an additional 247,614 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Hamilton Lane Advisors by 16.6% during the 1st quarter. Thrivent Financial for Lutherans now owns 635,955 shares of the company’s stock worth $23,676,000 after acquiring an additional 90,672 shares during the period. Finally, Thrivent Financial For Lutherans bought a new position in shares of Hamilton Lane Advisors during the 4th quarter worth $19,298,000. 28.33% of the stock is owned by hedge funds and other institutional investors.
Hamilton Lane Advisors 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.