Segall Bryant & Hamill LLC Reduces Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Segall Bryant & Hamill LLC lowered its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 22.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,029 shares of the company's stock after selling 31,269 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.20% of Hamilton Lane worth $18,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Hamilton Lane in the third quarter valued at approximately $4,327,000. Pathstone Holdings LLC boosted its holdings in Hamilton Lane by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 24,227 shares of the company's stock valued at $4,080,000 after purchasing an additional 108 shares during the period. 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 valued at $801,000 after purchasing an additional 103 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Hamilton Lane in the third quarter worth $3,688,000. Finally, Royce & Associates LP purchased a new stake in shares of Hamilton Lane in the third quarter worth $538,000. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley upped their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Wells Fargo & Company increased their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. UBS Group boosted 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $180.33.

Hamilton Lane Trading Up 0.0 %

NASDAQ:HLNE opened at $194.48 on Thursday. Hamilton Lane Incorporated has a one year low of $93.05 and a one year high of $203.72. The company's 50-day simple moving average is $176.46 and its 200 day simple moving average is $147.28. The firm has a market capitalization of $10.78 billion, a P/E ratio of 42.19 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly 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 company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 earnings per share. As a group, analysts forecast that Hamilton Lane Incorporated will post 4.87 EPS for the current fiscal 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 paid a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.01%. Hamilton Lane's dividend payout ratio is presently 42.52%.

About Hamilton Lane

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.

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