Vanguard Group Inc. Decreases Stock Position in Hamilton Lane Inc. $HLNE

Vanguard Group Inc. cut its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 1.8% during the third quarter, HoldingsChannel.com reports. The fund owned 3,718,233 shares of the company’s stock after selling 69,559 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Hamilton Lane worth $501,181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Hamilton Lane during the second quarter worth $46,641,000. Edgestream Partners L.P. purchased a new stake in Hamilton Lane during the 2nd quarter valued at about $1,472,000. New York State Common Retirement Fund raised its holdings in Hamilton Lane by 26.8% in the 3rd quarter. New York State Common Retirement Fund now owns 99,749 shares of the company’s stock valued at $13,445,000 after acquiring an additional 21,065 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Hamilton Lane in the 2nd quarter worth approximately $1,492,000. Finally, Bessemer Group Inc. lifted its stake in Hamilton Lane by 53.2% in the 3rd quarter. Bessemer Group Inc. now owns 202,998 shares of the company’s stock worth $27,363,000 after purchasing an additional 70,493 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Up 4.4%

NASDAQ HLNE opened at $106.23 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 19.07 and a beta of 1.30. The firm has a 50 day simple moving average of $136.49 and a 200-day simple moving average of $135.07. Hamilton Lane Inc. has a one year low of $98.00 and a one year high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.27. The company had revenue of $198.59 million for the quarter, compared to analyst estimates of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.25 EPS. Equities research analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be issued a $0.54 dividend. The ex-dividend date is Friday, March 20th. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. Hamilton Lane’s dividend payout ratio (DPR) is 38.78%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HLNE shares. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Morgan Stanley set a $159.00 target price on Hamilton Lane in a research note on Tuesday, January 27th. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $169.00.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.