Hamilton Lane Incorporated (NASDAQ:HLNE) Stock Position Decreased by Cynosure Group LLC

Cynosure Group LLC decreased its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 30.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,216 shares of the company’s stock after selling 972 shares during the quarter. Cynosure Group LLC’s holdings in Hamilton Lane were worth $373,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP lifted its stake in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after acquiring an additional 234 shares during the last quarter. Signaturefd LLC lifted 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 valued at $78,000 after purchasing an additional 73 shares during the last quarter. CWM LLC boosted its holdings in Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares in the last quarter. Fifth Third Bancorp increased its position in Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after buying an additional 358 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Hamilton Lane by 32.4% during 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 in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $192.02 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. Hamilton Lane Incorporated has a one year low of $94.38 and a one year high of $203.72. The company has a fifty day moving average price of $180.86 and a 200 day moving average price of $150.14. The stock has a market cap of $10.64 billion, a P/E ratio of 41.65 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts anticipate that Hamilton Lane Incorporated will post 4.87 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s payout ratio is presently 42.52%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HLNE. JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. 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 note on Monday, November 11th. The Goldman Sachs Group raised their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Finally, UBS Group boosted their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, According to MarketBeat, Hamilton Lane presently has an average rating of “Hold” and an average price target of $180.33.

Hamilton Lane Profile

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.