Hamilton Lane Inc. $HLNE Position Cut by Alps Advisors Inc.

Alps Advisors Inc. reduced its holdings in Hamilton Lane Inc. (NASDAQ:HLNE) by 74.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,614 shares of the company’s stock after selling 38,901 shares during the quarter. Alps Advisors Inc.’s holdings in Hamilton Lane were worth $1,835,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in HLNE. IFP Advisors Inc raised its stake in shares of Hamilton Lane by 8.6% during the second quarter. IFP Advisors Inc now owns 1,011 shares of the company’s stock valued at $144,000 after purchasing an additional 80 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Hamilton Lane by 80.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after buying an additional 95 shares during the period. KLP Kapitalforvaltning AS raised its position in shares of Hamilton Lane by 1.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company’s stock worth $1,198,000 after buying an additional 100 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of Hamilton Lane by 1.3% in the 2nd quarter. New York State Teachers Retirement System now owns 7,980 shares of the company’s stock worth $1,134,000 after acquiring an additional 100 shares during the period. Finally, Vista Finance LLC boosted its holdings in shares of Hamilton Lane by 4.1% in the second quarter. Vista Finance LLC now owns 2,568 shares of the company’s stock valued at $365,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of HLNE opened at $133.00 on Wednesday. The company has a 50-day moving average of $139.42 and a two-hundred day moving average of $137.92. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 23.88 and a beta of 1.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27. Hamilton Lane Inc. has a one year low of $111.98 and a one year high of $179.19.

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

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, March 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.6%. Hamilton Lane’s payout ratio is currently 38.78%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HLNE shares. Oppenheimer upped their target price on Hamilton Lane from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Morgan Stanley set a $159.00 target price on Hamilton Lane in a report on Tuesday, January 27th. The Goldman Sachs Group raised shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, November 6th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Hamilton Lane has an average rating of “Moderate Buy” and a consensus target price of $173.25.

About Hamilton Lane

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.