Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 129,637 shares of the company's stock after selling 18,059 shares during the quarter. Raymond James & Associates owned about 0.24% of Hamilton Lane worth $21,830,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 valued at $414,801,000 after purchasing an additional 283,190 shares during the period. Van Berkom & Associates Inc. grew its stake in Hamilton Lane by 2.0% in the second quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company's stock worth $110,334,000 after purchasing an additional 17,272 shares in the last quarter. Fred Alger Management LLC increased its holdings in Hamilton Lane by 10.5% during the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company's stock worth $84,964,000 after purchasing an additional 65,151 shares during the period. Dimensional Fund Advisors LP raised its position in Hamilton Lane by 6.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company's stock valued at $72,943,000 after purchasing an additional 37,680 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Hamilton Lane by 30.3% in the 2nd quarter. American Century Companies Inc. now owns 580,768 shares of the company's stock worth $71,772,000 after buying an additional 135,040 shares during the period. Institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HLNE shares. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $135.00 to $145.00 and gave the company a "market perform" rating in a report on Wednesday, August 7th. The Goldman Sachs Group upped their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Hamilton Lane from $120.00 to $134.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. Morgan Stanley upped their target price on Hamilton Lane from $140.00 to $182.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Finally, UBS Group lifted their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane has a consensus rating of "Hold" and an average target price of $160.50.

Hamilton Lane Stock Down 0.0 %

Shares of HLNE stock traded down $0.08 during trading hours on Friday, reaching $177.85. 193,608 shares of the company's stock were exchanged, compared to its average volume of 311,646. Hamilton Lane Incorporated has a fifty-two week low of $80.09 and a fifty-two week high of $181.96. The stock's 50 day moving average is $161.51 and its 200-day moving average is $137.13. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 48.34 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The company had revenue of $196.73 million for the quarter, compared to analyst estimates of $149.84 million. During the same period in the prior year, the company posted $0.94 EPS. Analysts predict that Hamilton Lane Incorporated will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

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

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.