Atria Investments Inc Sells 639 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Atria Investments Inc decreased its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 15.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,515 shares of the company’s stock after selling 639 shares during the period. Atria Investments Inc’s holdings in Hamilton Lane were worth $592,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. lifted its stake in Hamilton Lane by 28.0% in the 3rd quarter. Assetmark Inc. now owns 9,208 shares of the company’s stock valued at $1,551,000 after acquiring an additional 2,013 shares in the last quarter. Pegasus Partners Ltd. acquired a new position in shares of Hamilton Lane during the 3rd quarter worth approximately $215,000. Fiera Capital Corp increased its position in shares of Hamilton Lane by 15.4% during the 3rd quarter. Fiera Capital Corp now owns 281,311 shares of the company’s stock worth $47,370,000 after purchasing an additional 37,451 shares during the last quarter. Lifestyle Asset Management Inc. acquired a new position in shares of Hamilton Lane during the 3rd quarter worth approximately $241,000. Finally, Principal Financial Group Inc. increased its position in shares of Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after purchasing an additional 97,924 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $194.41 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The stock’s fifty day moving average price is $175.53 and its two-hundred day moving average price is $146.95. Hamilton Lane Incorporated has a one year low of $92.91 and a one year high of $203.72. The firm has a market cap of $10.78 billion, a price-to-earnings ratio of 42.17 and a beta of 1.18.

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

Hamilton Lane Dividend Announcement

The business 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 1.01%. Hamilton Lane’s payout ratio is 42.52%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HLNE shares. The Goldman Sachs Group boosted their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley boosted their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. UBS Group boosted their target price on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $180.33.

Hamilton Lane Profile

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.