Eagle Asset Management Inc. Trims Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Eagle Asset Management Inc. reduced its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 14.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,368 shares of the company's stock after selling 2,865 shares during the quarter. Eagle Asset Management Inc.'s holdings in Hamilton Lane were worth $2,756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. lifted its stake in Hamilton Lane by 13.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 45,956 shares of the company's stock worth $5,679,000 after purchasing an additional 5,412 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Hamilton Lane by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 394,806 shares of the company's stock worth $44,519,000 after buying an additional 51,452 shares during the last quarter. SG Americas Securities LLC boosted its stake in Hamilton Lane by 427.0% in the second quarter. SG Americas Securities LLC now owns 25,126 shares of the company's stock valued at $3,105,000 after buying an additional 20,358 shares in the last quarter. Royce & Associates LP bought a new position in Hamilton Lane in the third quarter valued at about $538,000. Finally, F M Investments LLC acquired a new position in Hamilton Lane during the second quarter worth about $413,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Stock Performance

NASDAQ HLNE traded down $2.21 during trading hours on Tuesday, reaching $199.36. 204,268 shares of the company were exchanged, compared to its average volume of 314,744. The stock has a market capitalization of $11.05 billion, a P/E ratio of 43.20 and a beta of 1.18. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane Incorporated has a 1 year low of $93.98 and a 1 year high of $203.72. The business's 50 day simple moving average is $179.35 and its 200-day simple moving average is $149.26.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate 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 revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, equities research analysts expect that Hamilton Lane Incorporated will post 4.87 earnings per share for the current year.

Hamilton Lane Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $181.00 to $215.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. Morgan Stanley raised their target price 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. The Goldman Sachs Group upped their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, UBS Group raised their target price on Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently 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.