Hamilton Lane Incorporated (NASDAQ:HLNE) Stock Holdings Lessened by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 785,301 shares of the company's stock after selling 11,621 shares during the quarter. Loomis Sayles & Co. L P owned about 1.45% of Hamilton Lane worth $132,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HLNE. Vanguard Group Inc. boosted its position in shares of Hamilton Lane by 8.3% during the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company's stock worth $414,801,000 after buying an additional 283,190 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Hamilton Lane by 13.3% in 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 in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Hamilton Lane by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 394,806 shares of the company's stock valued at $44,519,000 after purchasing an additional 51,452 shares in the last quarter. Icon Wealth Advisors LLC acquired a new stake in Hamilton Lane in the third quarter worth about $819,000. Finally, SG Americas Securities LLC grew its position in Hamilton Lane by 427.0% in the 2nd 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. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HLNE shares. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Morgan Stanley upped 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. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $181.00 to $215.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their price objective on Hamilton Lane from $156.00 to $170.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Finally, UBS Group raised their target price on Hamilton Lane from $150.00 to $185.00 and gave the company 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 data from MarketBeat, Hamilton Lane currently has a consensus rating of "Hold" and a consensus price target of $180.33.

Hamilton Lane Price Performance

Shares of HLNE traded up $2.02 during trading hours on Monday, hitting $201.57. 264,942 shares of the company were exchanged, compared to its average volume of 315,227. The firm has a fifty day simple moving average of $178.38 and a 200-day simple moving average of $148.65. The company has a market capitalization of $11.17 billion, a PE ratio of 43.72 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 Incorporated has a one year low of $93.98 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The firm had revenue of $150.00 million for the quarter, compared to analysts' expectations of $151.55 million. During the same quarter last year, the business posted $0.89 EPS. Hamilton Lane's revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts predict that Hamilton Lane Incorporated will post 4.87 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane's dividend payout ratio (DPR) is currently 42.52%.

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.