Quest Partners LLC Sells 5,567 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Quest Partners LLC cut its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 90.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 621 shares of the company's stock after selling 5,567 shares during the period. Quest Partners LLC's holdings in Hamilton Lane were worth $105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its position in Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company's stock worth $78,000 after purchasing an additional 73 shares during the last quarter. EFG Asset Management North America Corp. lifted its position in Hamilton Lane by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company's stock valued at $2,125,000 after purchasing an additional 81 shares during the period. CWM LLC boosted its stake in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company's stock valued at $85,000 after purchasing an additional 100 shares during the last quarter. Islay Capital Management LLC grew its position in shares of Hamilton Lane by 2.2% during the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company's stock worth $801,000 after buying an additional 103 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company's stock worth $107,000 after buying an additional 156 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLNE has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a research note on Thursday, October 3rd. UBS Group increased 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. Keefe, Bruyette & Woods boosted their target price 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. Finally, Morgan Stanley increased their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane has a consensus rating of "Hold" and a consensus price target of $180.33.

Hamilton Lane Stock Up 0.2 %

NASDAQ HLNE traded up $0.38 during trading hours on Friday, hitting $192.40. 184,886 shares of the company traded hands, compared to its average volume of 314,577. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 41.74 and a beta of 1.18. Hamilton Lane Incorporated has a twelve month low of $96.38 and a twelve month high of $203.72. The business's 50-day moving average is $182.05 and its 200-day moving average is $150.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current 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 for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $150.00 million during the quarter, compared to analysts' expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm's revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. Sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.87 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.02%. Hamilton Lane's dividend payout ratio is presently 42.52%.

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.