Lifestyle Asset Management Inc. Makes New $241,000 Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Lifestyle Asset Management Inc. bought a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the third quarter, Holdings Channel reports. The firm bought 1,431 shares of the company’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Covestor Ltd raised its holdings in shares of Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after acquiring an additional 298 shares in the last quarter. Quarry LP increased its position in Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares during the last quarter. CWM LLC raised its stake in shares of Hamilton Lane by 24.7% during the 3rd 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. Signaturefd LLC lifted its holdings in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after buying an additional 73 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Hamilton Lane by 32.4% during the 3rd 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 last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Hamilton Lane Stock Performance

Shares of HLNE 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. Hamilton Lane Incorporated has a one year low of $86.20 and a one year high of $196.60. The company’s fifty day moving average price is $168.40 and its 200 day moving average price is $142.01. The company has a market capitalization of $10.27 billion, a PE ratio of 43.54 and a beta of 1.18.

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

Hamilton Lane Announces Dividend

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

Hamilton Lane Company 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.