Jennison Associates LLC lowered its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 24.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,597 shares of the company's stock after selling 42,755 shares during the quarter. Jennison Associates LLC owned 0.24% of Hamilton Lane worth $21,823,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Covestor Ltd lifted its stake in shares of Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company's stock valued at $34,000 after purchasing an additional 298 shares during the period. Quarry LP lifted its position in shares of Hamilton Lane by 316.2% during the 2nd quarter. Quarry LP now owns 308 shares of the company's stock valued at $38,000 after acquiring an additional 234 shares during the period. CWM LLC lifted its position in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company's stock valued at $85,000 after acquiring an additional 100 shares during the period. Signaturefd LLC grew its holdings in shares of Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company's stock worth $78,000 after acquiring an additional 73 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company's stock worth $107,000 after acquiring an additional 156 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.
HLNE has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on Hamilton Lane from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Morgan Stanley raised their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. The Goldman Sachs Group boosted their price target on Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. Finally, UBS Group lifted their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Hamilton Lane currently has an average rating of "Hold" and an average target price of $180.33.
Check Out Our Latest Research Report on HLNE
NASDAQ:HLNE opened at $199.55 on Friday. The firm's fifty day simple moving average is $177.45 and its 200 day simple moving average is $147.64. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane Incorporated has a twelve month low of $93.60 and a twelve month high of $203.72. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 43.29 and a beta of 1.18.
Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The company had revenue of $150.00 million for the quarter, compared to analysts' expectations of $151.55 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The firm's quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts expect that Hamilton Lane Incorporated will post 4.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a dividend of $0.49 per share. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.98%. Hamilton Lane's payout ratio is currently 42.52%.
Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.
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