Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 9.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,818 shares of the company's stock after selling 4,138 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.08% of Hamilton Lane worth $7,042,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Covestor Ltd grew its holdings in shares of Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company's stock worth $34,000 after acquiring an additional 298 shares during the period. Quarry LP lifted its position in Hamilton Lane by 316.2% during the 2nd quarter. Quarry LP now owns 308 shares of the company's stock worth $38,000 after acquiring an additional 234 shares during the period. Signaturefd LLC increased its stake in shares of Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company's stock valued at $78,000 after purchasing an additional 73 shares in the last quarter. CWM LLC boosted its holdings in shares of Hamilton Lane by 24.7% during 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 last quarter. Finally, Fifth Third Bancorp lifted its stake in Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company's stock worth $86,000 after purchasing an additional 358 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE traded down $0.81 during midday trading on Friday, reaching $192.37. 98,141 shares of the company's stock were exchanged, compared to its average volume of 316,790. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The firm has a market capitalization of $10.43 billion, a PE ratio of 41.90 and a beta of 1.18. Hamilton Lane Incorporated has a 12 month low of $91.93 and a 12 month high of $203.72. The company's 50 day simple moving average is $172.90 and its two-hundred day simple moving average is $144.85.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $151.55 million. During the same period in the previous year, the company earned $0.89 earnings per share. The company's quarterly revenue was up 18.2% on a year-over-year basis. Equities research analysts expect that Hamilton Lane Incorporated will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm 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 dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane's payout ratio is currently 42.52%.

Wall Street Analysts Forecast Growth

HLNE has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target 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 upped their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price objective on Hamilton Lane from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $180.33.

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.