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% in the 3rd quarter, HoldingsChannel.com reports. 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 reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Covestor Ltd raised its stake in shares of Hamilton Lane by 14,900.0% during the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after buying an additional 298 shares during the last quarter. Quarry LP lifted its holdings in shares of 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 purchasing an additional 234 shares in the last quarter. Signaturefd LLC grew its position in shares of Hamilton Lane by 13.1% in the second 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 increased 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. Finally, Fifth Third Bancorp raised its position in shares of Hamilton Lane by 106.5% during the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after purchasing an additional 358 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HLNE has been the topic of a number of analyst reports. UBS Group increased their target price on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley boosted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday. Keefe, Bruyette & Woods raised 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. The Goldman Sachs Group boosted their price objective on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $180.33.

Hamilton Lane Price Performance

HLNE opened at $196.90 on Wednesday. Hamilton Lane Incorporated has a 1 year low of $89.38 and a 1 year high of $203.72. The company’s 50 day simple moving average is $171.18 and its 200 day simple moving average is $144.19. The stock has a market capitalization of $10.67 billion, a PE ratio of 42.71 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.72 and a current ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. As a group, sell-side analysts expect that Hamilton Lane Incorporated will post 4.89 EPS 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 $0.49 dividend. The ex-dividend date 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 42.52%.

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.