Lifestyle Asset Management Inc. Acquires New Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Lifestyle Asset Management Inc. bought a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,431 shares of the company’s stock, valued at approximately $241,000.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in shares of Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after acquiring an additional 298 shares in the last quarter. Quarry LP boosted its stake in Hamilton Lane by 316.2% during the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares in the last quarter. CWM LLC increased its position in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after purchasing an additional 100 shares during the period. Signaturefd LLC raised its stake in shares of Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after buying an additional 73 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Hamilton Lane by 32.4% in the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Hamilton Lane stock opened at $189.42 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. The company has a market cap of $10.27 billion, a P/E ratio of 43.54 and a beta of 1.18. Hamilton Lane Incorporated has a fifty-two week low of $86.20 and a fifty-two week high of $196.60. The firm’s 50 day simple moving average is $168.40 and its 200-day simple moving average is $142.01.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 EPS. As a group, equities research analysts predict that Hamilton Lane Incorporated will post 4.9 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s dividend payout ratio is currently 45.06%.

Wall Street Analyst Weigh In

HLNE has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley raised their target price on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, UBS Group upped their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $179.00.

About Hamilton Lane

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.