Hamilton Lane Inc. $HLNE Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 269,554 shares of the company’s stock after selling 5,314 shares during the quarter. Envestnet Asset Management Inc. owned about 0.48% of Hamilton Lane worth $36,333,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HLNE. Norges Bank bought a new position in Hamilton Lane during the second quarter worth $46,641,000. Champlain Investment Partners LLC increased its position in Hamilton Lane by 36.7% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,037,943 shares of the company’s stock valued at $147,512,000 after acquiring an additional 278,630 shares during the period. Raymond James Financial Inc. raised its stake in Hamilton Lane by 70.2% during the 2nd quarter. Raymond James Financial Inc. now owns 383,473 shares of the company’s stock valued at $54,499,000 after acquiring an additional 158,219 shares in the last quarter. HRT Financial LP acquired a new position in Hamilton Lane during the 2nd quarter worth $19,136,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Hamilton Lane in the second quarter worth $19,028,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Trading Down 3.9%

NASDAQ:HLNE opened at $127.77 on Thursday. The stock has a fifty day simple moving average of $139.52 and a 200 day simple moving average of $137.85. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 22.94 and a beta of 1.30. Hamilton Lane Inc. has a 1-year low of $111.98 and a 1-year high of $179.19. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. The company had revenue of $198.59 million during 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 business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share. Sell-side analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 20th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s payout ratio is presently 38.78%.

Analyst Upgrades and Downgrades

HLNE has been the subject of several research analyst reports. Oppenheimer upped their price objective on shares of Hamilton Lane from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Thursday, November 6th. UBS Group increased their price target on Hamilton Lane from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Hamilton Lane has a consensus rating of “Moderate Buy” and an average 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.