Hamilton Lane Inc. $HLNE Holdings Lowered by Rhumbline Advisers

Rhumbline Advisers decreased its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 6.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 106,581 shares of the company’s stock after selling 7,027 shares during the period. Rhumbline Advisers owned about 0.19% of Hamilton Lane worth $14,366,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Cornerstone Planning Group LLC grew its stake in shares of Hamilton Lane by 347.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after buying an additional 153 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Hamilton Lane by 920.0% during the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock valued at $29,000 after acquiring an additional 184 shares during the period. Hantz Financial Services Inc. grew its holdings in Hamilton Lane by 80.5% in 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 last quarter. First Horizon Corp acquired a new stake in shares of Hamilton Lane in the third quarter worth $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Hamilton Lane during the second quarter valued at about $33,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Trading Up 2.7%

HLNE stock opened at $123.19 on Thursday. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 22.12 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. The company has a fifty day moving average price of $139.03 and a two-hundred day moving average price of $136.77.

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

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be given a $0.54 dividend. The ex-dividend date is Friday, March 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.8%. Hamilton Lane’s payout ratio is 38.78%.

Analyst Ratings Changes

HLNE has been the topic of several recent research reports. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Thursday, November 6th. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Oppenheimer upped their price objective on Hamilton Lane from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Morgan Stanley set a $159.00 target price on shares of Hamilton Lane in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Two 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. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of “Moderate Buy” and a consensus target price of $173.25.

Hamilton Lane 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.