BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 28,733 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 16.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,871 shares of the company's stock after selling 28,733 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.26% of Hamilton Lane worth $24,058,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Hamilton Lane during the third quarter worth about $4,327,000. Pathstone Holdings LLC increased its holdings in Hamilton Lane by 0.4% during the 3rd quarter. Pathstone Holdings LLC now owns 24,227 shares of the company's stock valued at $4,080,000 after purchasing an additional 108 shares in the last quarter. Islay Capital Management LLC increased its holdings in Hamilton Lane by 2.2% during the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company's stock valued at $801,000 after purchasing an additional 103 shares in the last quarter. Mutual of America Capital Management LLC acquired a new stake in Hamilton Lane during the 3rd quarter valued at $3,688,000. Finally, Royce & Associates LP acquired a new stake in Hamilton Lane during the 3rd quarter valued at $538,000. Institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HLNE shares. Wells Fargo & Company increased their price objective 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. 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 research report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on Hamilton Lane from $139.00 to $147.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. Morgan Stanley raised their price target on Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $181.00 to $215.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $180.33.

Hamilton Lane Stock Up 0.7 %

Shares of HLNE traded up $1.38 during midday trading on Friday, hitting $199.55. The stock had a trading volume of 264,915 shares, compared to its average volume of 351,294. The company has a 50 day simple moving average of $177.45 and a two-hundred day simple moving average of $147.64. Hamilton Lane Incorporated has a twelve month low of $93.60 and a twelve month high of $203.72. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 43.29 and a beta of 1.18. 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 (NASDAQ:HLNE - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. The business had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. Hamilton Lane's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. On average, analysts anticipate that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane's dividend payout ratio (DPR) is presently 42.52%.

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.