Equitable Trust Co. Cuts Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Equitable Trust Co. lowered its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 20.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,448 shares of the company’s stock after selling 896 shares during the period. Equitable Trust Co.’s holdings in Hamilton Lane were worth $510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HLNE. CWM LLC raised its position in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after purchasing an additional 100 shares in the last quarter. Creative Planning increased its position in shares of Hamilton Lane by 6.1% during the 3rd quarter. Creative Planning now owns 66,601 shares of the company’s stock valued at $11,215,000 after purchasing an additional 3,829 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Hamilton Lane during the 3rd quarter valued at about $9,587,000. Copeland Capital Management LLC lifted its position in Hamilton Lane by 0.8% in the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock worth $145,388,000 after buying an additional 7,106 shares during the last quarter. Finally, Sierra Capital LLC boosted its stake in Hamilton Lane by 141.6% in the third quarter. Sierra Capital LLC now owns 22,718 shares of the company’s stock worth $3,825,000 after buying an additional 13,316 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group lifted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Morgan Stanley raised their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $173.14.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $156.59 on Wednesday. The firm has a market cap of $8.68 billion, a PE ratio of 28.89 and a beta of 1.25. The company’s fifty day simple moving average is $157.83 and its two-hundred day simple moving average is $163.57. The company has a quick ratio of 3.37, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a 12-month low of $103.42 and a 12-month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The company had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. Hamilton Lane’s quarterly revenue was up 34.3% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. As a group, equities analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.25%. Hamilton Lane’s dividend payout ratio is presently 36.16%.

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.