Thrivent Financial for Lutherans reduced its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 25.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,347 shares of the company's stock after selling 61,408 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.33% of Hamilton Lane worth $29,864,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of HLNE. Covestor Ltd raised its holdings in shares of Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company's stock valued at $34,000 after buying an additional 298 shares during the last quarter. Quarry LP lifted its holdings in Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company's stock valued at $38,000 after acquiring an additional 234 shares during the last quarter. CWM LLC raised its holdings 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 in the last quarter. Signaturefd LLC boosted its holdings in Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company's stock worth $78,000 after buying an additional 73 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Hamilton Lane by 32.4% in 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 in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have commented on HLNE. 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 report on Thursday, October 3rd. Wells Fargo & Company increased their target price on Hamilton Lane from $156.00 to $170.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Morgan Stanley lifted their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $181.00 to $215.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. Finally, UBS Group raised their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $180.33.
View Our Latest Stock Analysis on HLNE
Hamilton Lane Stock Performance
Shares of NASDAQ HLNE traded down $0.04 during mid-day trading on Wednesday, hitting $194.37. The company had a trading volume of 111,768 shares, compared to its average volume of 315,930. Hamilton Lane Incorporated has a 12 month low of $93.05 and a 12 month high of $203.72. The firm has a market cap of $10.77 billion, a P/E ratio of 42.17 and a beta of 1.18. The business's 50-day simple moving average is $175.53 and its 200-day simple moving average is $146.95. 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 issued its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The business had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. During the same period in the prior year, the company posted $0.89 earnings per share. Hamilton Lane's revenue was up 18.2% on a year-over-year basis. As a group, analysts predict that Hamilton Lane Incorporated will post 4.87 earnings per share for the current fiscal year.
Hamilton Lane Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane's dividend payout ratio is 42.52%.
Hamilton Lane Profile
(
Free Report)
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.
Further Reading
Before you consider Hamilton Lane, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hamilton Lane wasn't on the list.
While Hamilton Lane currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
