Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,115 shares of the company’s stock after selling 531 shares during the period. Los Angeles Capital Management LLC’s holdings in Hamilton Lane were worth $3,556,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new position in Hamilton Lane in the third quarter valued at approximately $299,000. Assetmark Inc. grew its holdings in shares of Hamilton Lane by 28.0% during the 3rd quarter. Assetmark Inc. now owns 9,208 shares of the company’s stock worth $1,551,000 after purchasing an additional 2,013 shares during the period. Pegasus Partners Ltd. acquired a new stake in shares of Hamilton Lane during the 3rd quarter worth about $215,000. Fiera Capital Corp raised its holdings in Hamilton Lane by 15.4% in the 3rd quarter. Fiera Capital Corp now owns 281,311 shares of the company’s stock valued at $47,370,000 after buying an additional 37,451 shares during the period. Finally, Lifestyle Asset Management Inc. acquired a new position in Hamilton Lane in the third quarter valued at about $241,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Down 2.3 %

NASDAQ HLNE opened at $196.90 on Wednesday. The company has a quick ratio of 2.72, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $10.67 billion, a P/E ratio of 42.71 and a beta of 1.18. Hamilton Lane Incorporated has a 52-week low of $89.38 and a 52-week high of $203.72. The firm has a 50-day moving average price of $171.18 and a 200 day moving average price of $144.19.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The business had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. During the same period last year, the firm earned $0.89 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities research analysts expect that Hamilton Lane Incorporated will post 4.89 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.00%. Hamilton Lane’s dividend payout ratio (DPR) is presently 42.52%.

Analyst Ratings Changes

A number of brokerages have weighed in on HLNE. JPMorgan Chase & Co. lifted their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their target price on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their price target 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, November 7th. UBS Group raised their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley boosted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of “Hold” and a consensus target price of $180.33.

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.