Sierra Capital LLC Grows Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Sierra Capital LLC increased its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 141.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,718 shares of the company's stock after acquiring an additional 13,316 shares during the period. Sierra Capital LLC's holdings in Hamilton Lane were worth $3,825,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Hamilton Lane by 6.6% in the 4th quarter. Vanguard Group Inc. now owns 3,395,427 shares of the company's stock valued at $385,177,000 after buying an additional 210,155 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Hamilton Lane by 12.2% during the first quarter. Park Avenue Securities LLC now owns 2,733 shares of the company's stock valued at $308,000 after purchasing an additional 298 shares in the last quarter. AlphaMark Advisors LLC bought a new position in shares of Hamilton Lane during the first quarter valued at about $303,000. BNP Paribas Financial Markets boosted its holdings in Hamilton Lane by 25.6% during the first quarter. BNP Paribas Financial Markets now owns 27,218 shares of the company's stock worth $3,069,000 after purchasing an additional 5,549 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Hamilton Lane by 14.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,522 shares of the company's stock worth $510,000 after purchasing an additional 571 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

Shares of HLNE stock traded down $1.35 on Tuesday, hitting $177.78. 249,005 shares of the stock were exchanged, compared to its average volume of 312,873. The firm's 50 day moving average is $160.07 and its two-hundred day moving average is $136.57. Hamilton Lane Incorporated has a one year low of $78.66 and a one year high of $181.96. The firm has a market capitalization of $9.60 billion, a PE ratio of 48.18 and a beta of 1.19. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.41. The firm had revenue of $196.73 million during the quarter, compared to the consensus estimate of $149.84 million. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. During the same quarter last year, the company earned $0.94 earnings per share. Sell-side analysts expect that Hamilton Lane Incorporated will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.10%. Hamilton Lane's payout ratio is 53.12%.

Wall Street Analysts Forecast Growth

HLNE has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 7th. The Goldman Sachs Group lifted their price target on Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. Morgan Stanley upped their price objective on Hamilton Lane from $140.00 to $182.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Wells Fargo & Company lifted their target price on 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, UBS Group increased their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hamilton Lane currently has a consensus rating of "Hold" and an average price target of $160.50.

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.