Bitcoin’s plummet over the weekend didn’t just affect crypto enthusiasts; it affected high-flying tech stocks with significant exposure, such as Tesla (TSLA) and Coinbase (COIN) in yesterday’s session. Combined with investors taking profits from bank stocks that crushed earnings last week, this week started off with declines off last week’s records and, at least for this morning, the trend continues as the major benchmarks traded lower.
Earnings start to fill in today with IBM (IBM), United Airlines (UAL), Proctor & Gamble (PG) and Netflix (NFLX) all reporting.
Today’s trade alert focuses on a growth story that’s an excellent choice to buy on this dip.
Hamilton Lane (HLNE) is an alternative investment management firm providing innovative private markets services to sophisticated investors worldwide. There are numerous reasons why the stock of this private-market investment firm is a great growth pick right now.
Looking back at the numbers for HLNE – revenue grew by 15.2% in the last fiscal year and grew by 29.36% over the last three fiscal years. Furthermore, Operating Income grew by 23.24% in the last fiscal year and grew by 13.56% over the last three fiscal years.
Another thing to consider is earnings growth. The historical EPS growth rate for Hamilton Lane is 9.6%, but the more important aspect to consider is projected growth. The company’s EPS is expected to grow 26.2% this year, crushing the industry average, which calls for EPS growth of 16.6%.
Hamilton Lane looks attractive from a sales growth perspective as well. The company’s sales are expected to grow 19.5% this year versus the industry average of 4.6%. The company also has an impressive asset utilization ratio. Right now, Hamilton Lane has a sales-to-total-asset of 0.54, compared to the industry average of 0.35. This says a lot about the level of efficiency within the company.
Considering these factors, Hamilton Lane looks well positioned for outperformance, which means it may be a good bet for growth investors.
HLNE sports a 1.38% dividend yield and is scheduled to report earnings on May 27th.
Where to invest $1,000 right now...
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