Summary
- Hamilton Lane's strong technical indicators and recent price appreciation.
- The firm's diversified investment strategies and global presence.
- Impressive financial performance and growth projections.
- Mixed analyst ratings and investor sentiment.
The Chart of the Day belongs to the asset management firm Hamilton Lane (HLNE) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 8/15 the stock gained 21.51%.
Hamilton Lane Incorporated is a private equity and venture capital firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. The firm manages alternative investment strategies like direct credit, direct, fund of fund, evergreen and real assets. For primary and secondary fund of fund investments, the firm focuses to invest in private equity, buyout, special situations, credit, growth equity, middle market, mature, turnarounds, mezzanine and venture capital funds. It prefers to invest in energy, industrials, commercial services, internet software & services, consumer discretionary, health care, real estate, information technology, tech-enabled businesses, financials, utilities, and consumer services. The firm prefers to invest in Africa/Middle East, Asia/Pacific, Europe, Latin America and Caribbean, United States of America, California and surrounding states, Australia, Japan, United Kingdom, and Canada. The firm prefers to invest between $1 million and $100 million in companies with small- to mid-sized enterprise values. It prefers to take majority stake. Hamilton Lane Incorporated was founded in 1991 and is based in Conshohocken, Pennsylvania with additional offices across Europe, North America, Asia Pacific and the Middle East.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 105.61+ Weighted Alpha
- 97.05% gain in the last year
- Trend Seeker buy signal
- 1.19 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 16.16% in the last month
- Relative Strength Index 68.97%
- Technical support level at $171.08
- Recently traded at $172.58 with 50 day moving average of $152.78
Fundamental Factors:
- Market Cap $9.46 billion
- P/E 38.53
- Dividend yield 1.07%
- Revenue expected to grow 22.20% this year and another 6.00% next year
- Earnings are estimated to increase 27.60% this year, an additional 11.00% next year and continue to compound at an annual rate of 15.00% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 7 hold opinions on the stock
- Analysts' price targets are between $140 and $156
- Value Line rates the stock its average rating of 3
- CFRAs MarketScope rates the stock a buy
- MorningStar give the stock its below average rating of 1 with a fair value of 132 or 30 over valued
- 1,850 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
