Janney Montgomery Scott LLC Has $811,000 Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Janney Montgomery Scott LLC boosted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,814 shares of the company’s stock after buying an additional 168 shares during the period. Janney Montgomery Scott LLC’s holdings in Hamilton Lane were worth $811,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of HLNE. Vanguard Group Inc. boosted its holdings in Hamilton Lane by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after purchasing an additional 283,190 shares during the period. American Century Companies Inc. boosted its holdings in Hamilton Lane by 30.3% in the 2nd quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock valued at $71,772,000 after purchasing an additional 135,040 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Hamilton Lane in the 1st quarter valued at about $11,445,000. Capital World Investors bought a new stake in Hamilton Lane in the 1st quarter valued at about $9,724,000. Finally, Fred Alger Management LLC boosted its holdings in Hamilton Lane by 10.5% in the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock valued at $84,964,000 after purchasing an additional 65,151 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HLNE. JPMorgan Chase & Co. boosted their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. UBS Group boosted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley upped their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane has an average rating of “Hold” and an average target price of $180.33.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $191.88 on Monday. The company has a 50 day moving average of $173.82 and a 200-day moving average of $145.86. Hamilton Lane Incorporated has a 1-year low of $91.93 and a 1-year high of $203.72. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The company has a market cap of $10.40 billion, a PE ratio of 41.62 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. As a group, equities research analysts forecast that Hamilton Lane Incorporated will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s payout ratio is 42.52%.

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.