Swiss National Bank Trims Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Swiss National Bank cut its stake in Hamilton Lane Incorporated (NASDAQ:HLNEGet Rating) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,200 shares of the company’s stock after selling 400 shares during the quarter. Swiss National Bank owned about 0.16% of Hamilton Lane worth $5,589,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC boosted its stake in Hamilton Lane by 97.0% during the second quarter. SG Americas Securities LLC now owns 3,384 shares of the company’s stock valued at $227,000 after buying an additional 1,666 shares during the period. EFG Asset Management North America Corp. boosted its stake in Hamilton Lane by 31.7% during the second quarter. EFG Asset Management North America Corp. now owns 18,670 shares of the company’s stock valued at $1,253,000 after buying an additional 4,493 shares during the period. Jennison Associates LLC boosted its stake in Hamilton Lane by 5.6% during the first quarter. Jennison Associates LLC now owns 235,869 shares of the company’s stock valued at $18,230,000 after buying an additional 12,571 shares during the period. Versor Investments LP bought a new stake in Hamilton Lane during the second quarter valued at $544,000. Finally, Loomis Sayles & Co. L P boosted its stake in Hamilton Lane by 5.8% during the first quarter. Loomis Sayles & Co. L P now owns 985,017 shares of the company’s stock valued at $76,132,000 after buying an additional 54,075 shares during the period. 64.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HLNE has been the subject of several research analyst reports. Morgan Stanley dropped their price objective on Hamilton Lane from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 19th. UBS Group dropped their price target on Hamilton Lane from $75.00 to $68.00 and set a “neutral” rating for the company in a research note on Wednesday, October 19th.

Hamilton Lane Trading Down 0.6 %

Shares of HLNE stock opened at $74.31 on Thursday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $64.98 and a two-hundred day moving average price of $67.95. Hamilton Lane Incorporated has a 12-month low of $55.81 and a 12-month high of $111.99. The firm has a market cap of $4.00 billion, a P/E ratio of 20.25 and a beta of 0.98.

Hamilton Lane (NASDAQ:HLNEGet Rating) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.44. The firm had revenue of $153.38 million during the quarter, compared to analyst estimates of $102.51 million. Hamilton Lane had a return on equity of 45.45% and a net margin of 33.72%. Equities analysts anticipate that Hamilton Lane Incorporated will post 3.61 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Thursday, December 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, December 14th. Hamilton Lane’s dividend payout ratio is presently 43.60%.

Hamilton Lane Profile

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Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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Institutional Ownership by Quarter for Hamilton Lane (NASDAQ:HLNE)

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