Hamilton Lane (NASDAQ:HLNE) Sets New 12-Month Low at $63.03

Hamilton Lane Incorporated (NASDAQ:HLNEGet Rating)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $63.03 and last traded at $63.25, with a volume of 189992 shares changing hands. The stock had previously closed at $65.01.

Several equities analysts have commented on HLNE shares. Morgan Stanley cut their price objective on Hamilton Lane from $111.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 20th. Wells Fargo & Company cut their price objective on Hamilton Lane from $95.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 19th. Finally, Zacks Investment Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 4th.

The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $73.39 and a 200-day moving average price of $88.49. The firm has a market cap of $3.47 billion, a P/E ratio of 14.19 and a beta of 0.98.

Institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its position in shares of Hamilton Lane by 198.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 266 shares of the company’s stock worth $27,000 after buying an additional 177 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Hamilton Lane during the 4th quarter worth $28,000. NN Investment Partners Holdings N.V. purchased a new stake in shares of Hamilton Lane during the 4th quarter worth $31,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Hamilton Lane during the 3rd quarter worth $38,000. Finally, Confluence Wealth Services Inc. purchased a new stake in shares of Hamilton Lane during the 4th quarter worth $47,000. 66.11% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Company Profile (NASDAQ:HLNE)

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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