JPMorgan Chase & Co. Sells 8,753 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

JPMorgan Chase & Co. decreased its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 623,524 shares of the company’s stock after selling 8,753 shares during the quarter. JPMorgan Chase & Co. owned about 1.12% of Hamilton Lane worth $104,995,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP raised its holdings in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares during the period. Signaturefd LLC raised its stake in Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after buying an additional 73 shares during the period. CWM LLC lifted its holdings in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC grew its stake in Hamilton Lane by 32.4% in the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after acquiring an additional 156 shares during the period. Finally, Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane in the third quarter worth about $111,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HLNE shares. Morgan Stanley lifted their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research 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 research report on Tuesday, October 22nd. Keefe, Bruyette & Woods reduced their price target on Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating for the company in a research report on Friday, December 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $176.33.

Hamilton Lane Trading Up 0.2 %

NASDAQ HLNE opened at $148.05 on Thursday. Hamilton Lane Incorporated has a 12 month low of $103.42 and a 12 month 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 stock has a 50 day moving average of $178.44 and a 200-day moving average of $158.19. The company has a market cap of $8.21 billion, a PE ratio of 32.11 and a beta of 1.19.

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

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.49 per share. The ex-dividend date is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.32%. Hamilton Lane’s dividend payout ratio is currently 42.52%.

Hamilton Lane Company 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.