Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 37.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,002 shares of the company’s stock after selling 8,885 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hamilton Lane were worth $1,854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HLNE. Principal Securities Inc. acquired a new position in shares of Hamilton Lane in the 4th quarter valued at $26,000. Dimensional Fund Advisors LP boosted its position in shares of Hamilton Lane by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 544,233 shares of the company’s stock valued at $61,740,000 after purchasing an additional 22,832 shares during the period. Beacon Pointe Advisors LLC acquired a new position in shares of Hamilton Lane in the 4th quarter valued at $207,000. Norges Bank acquired a new position in shares of Hamilton Lane in the 4th quarter valued at $43,195,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Hamilton Lane by 21.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,953 shares of the company’s stock valued at $222,000 after purchasing an additional 344 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HLNE shares. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. UBS Group increased their price objective on Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company started coverage on Hamilton Lane in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $156.00 price objective for the company. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $142.20.

Hamilton Lane Trading Up 0.9 %

Hamilton Lane stock opened at $164.78 on Tuesday. Hamilton Lane Incorporated has a 12 month low of $78.66 and a 12 month high of $165.82. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $145.77 and a two-hundred day moving average price of $127.13. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 44.66 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The business had revenue of $196.73 million during the quarter, compared to analysts’ expectations of $149.84 million. During the same period in the prior year, the firm posted $0.94 EPS. As a group, equities analysts forecast that Hamilton Lane Incorporated will post 4.88 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.19%. Hamilton Lane’s dividend payout ratio (DPR) is presently 53.12%.

About Hamilton Lane

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.