JPMorgan Chase & Co. Reduces Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

JPMorgan Chase & Co. lessened its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 623,524 shares of the company's stock after selling 8,753 shares during the quarter. JPMorgan Chase & Co. owned about 1.12% of Hamilton Lane worth $104,995,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Quarry LP lifted its holdings in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company's stock valued at $38,000 after acquiring an additional 234 shares during the period. CWM LLC lifted 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 worth $85,000 after purchasing an additional 100 shares during the period. Signaturefd LLC boosted its holdings in shares of Hamilton Lane by 13.1% in the second quarter. Signaturefd LLC now owns 629 shares of the company's stock worth $78,000 after buying an additional 73 shares during the last quarter. GAMMA Investing LLC grew its position in Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company's stock valued at $107,000 after buying an additional 156 shares during the period. Finally, Icon Wealth Advisors LLC purchased a new stake in Hamilton Lane during the third quarter valued at approximately $111,000. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HLNE has been the subject of a number of analyst reports. Morgan Stanley upped 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. The Goldman Sachs Group raised their target price 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. UBS Group lifted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of Hamilton Lane from $215.00 to $167.00 and set a "market perform" rating for the company in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $176.33.

Hamilton Lane Trading Up 0.7 %

Shares of NASDAQ:HLNE traded up $1.10 during trading on Thursday, hitting $149.15. The company had a trading volume of 332,511 shares, compared to its average volume of 322,965. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 32.35 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The company has a fifty day simple moving average of $177.87 and a two-hundred day simple moving average of $158.13. Hamilton Lane Incorporated has a one year low of $103.42 and a one year high of $203.72.

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

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane's 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.