GSA Capital Partners LLP Reduces Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

GSA Capital Partners LLP trimmed its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 64.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,258 shares of the company's stock after selling 11,505 shares during the period. GSA Capital Partners LLP's holdings in Hamilton Lane were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HLNE. Janney Montgomery Scott LLC grew its stake in Hamilton Lane by 14.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,522 shares of the company's stock valued at $510,000 after acquiring an additional 571 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Hamilton Lane during the 1st quarter worth about $538,000. ProShare Advisors LLC boosted its stake in shares of Hamilton Lane by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 6,570 shares of the company's stock worth $741,000 after purchasing an additional 517 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Hamilton Lane by 2.4% during the 1st quarter. Blair William & Co. IL now owns 36,839 shares of the company's stock worth $4,154,000 after purchasing an additional 866 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of Hamilton Lane by 60.5% during the 1st quarter. Orion Portfolio Solutions LLC now owns 15,001 shares of the company's stock worth $1,691,000 after purchasing an additional 5,657 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Trading Down 0.7 %

Shares of HLNE stock traded down $1.30 during trading hours on Friday, hitting $191.88. 249,700 shares of the company were exchanged, compared to its average volume of 317,473. The firm has a market cap of $10.40 billion, a PE ratio of 41.62 and a beta of 1.18. Hamilton Lane Incorporated has a 1 year low of $91.93 and a 1 year high of $203.72. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $173.82 and a 200 day moving average of $145.39.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. 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 prior year, the firm posted $0.89 EPS. The company's revenue was up 18.2% on a year-over-year basis. 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 declared 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.02%. Hamilton Lane's payout ratio is 42.52%.

Analyst Ratings Changes

HLNE has been the topic of several analyst reports. UBS Group raised 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. 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 raised their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a research note on Thursday, October 3rd. Wells Fargo & Company raised their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley raised their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $180.33.

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.