Equitable Trust Co. acquired a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE – Get Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,893 shares of the company's stock, valued at approximately $866,000.
A number of other large investors have also modified their holdings of the business. Rockefeller Capital Management L.P. lifted its stake in shares of Hamilton Lane by 198.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 266 shares of the company's stock worth $27,000 after buying an additional 177 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Hamilton Lane by 321.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 611 shares of the company's stock worth $48,000 after purchasing an additional 466 shares in the last quarter. Fieldpoint Private Securities LLC boosted its holdings in shares of Hamilton Lane by 25.4% during the 1st quarter. Fieldpoint Private Securities LLC now owns 677 shares of the company's stock worth $52,000 after purchasing an additional 137 shares during the last quarter. Okabena Investment Services Inc. purchased a new stake in shares of Hamilton Lane in the fourth quarter valued at approximately $79,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Hamilton Lane in the fourth quarter valued at approximately $101,000. Hedge funds and other institutional investors own 64.80% of the company's stock.
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Analysts Set New Price Targets
HLNE has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on Hamilton Lane from $74.00 to $72.00 and set an "equal weight" rating for the company in a report on Wednesday, July 13th. UBS Group lowered shares of Hamilton Lane from a "buy" rating to a "neutral" rating and upped their price objective for the company from $72.00 to $75.00 in a report on Tuesday, August 9th. The Goldman Sachs Group reduced their target price on shares of Hamilton Lane from $85.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 29th. Finally, Morgan Stanley dropped their price target on shares of Hamilton Lane from $73.00 to $72.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 9th.
Hamilton Lane Stock Performance
Shares of Hamilton Lane stock opened at $63.48 on Tuesday. The firm has a market cap of $3.38 billion, a PE ratio of 15.45 and a beta of 0.99. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.45. Hamilton Lane Incorporated has a 52 week low of $61.38 and a 52 week high of $116.00. The business's fifty day simple moving average is $71.96 and its 200-day simple moving average is $70.81.
Hamilton Lane (NASDAQ:HLNE – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.12. The firm had revenue of $135.51 million for the quarter, compared to analyst estimates of $100.20 million. Hamilton Lane had a net margin of 42.33% and a return on equity of 52.70%. Equities analysts forecast that Hamilton Lane Incorporated will post 3.14 earnings per share for the current year.
Hamilton Lane Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Thursday, September 15th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.52%. Hamilton Lane's dividend payout ratio is currently 38.93%.
About Hamilton Lane
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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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