Hamilton Lane Incorporated (NASDAQ:HLNE) Stake Decreased by GAMMA Investing LLC

GAMMA Investing LLC trimmed its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 12.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555 shares of the company’s stock after selling 82 shares during the quarter. GAMMA Investing LLC’s holdings in Hamilton Lane were worth $82,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its position in Hamilton Lane by 0.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock worth $2,509,000 after acquiring an additional 93 shares during the period. CWM LLC lifted its holdings in Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares during the period. Islay Capital Management LLC grew its position in Hamilton Lane by 2.2% in the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company’s stock valued at $801,000 after buying an additional 103 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in Hamilton Lane by 6.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company’s stock valued at $303,000 after buying an additional 106 shares during the period. Finally, Pathstone Holdings LLC raised its position in shares of Hamilton Lane by 0.4% during the 3rd quarter. Pathstone Holdings LLC now owns 24,227 shares of the company’s stock worth $4,080,000 after buying an additional 108 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $139.76 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The company has a market capitalization of $7.75 billion, a PE ratio of 30.32 and a beta of 1.24. The stock has a fifty day moving average of $173.77 and a 200-day moving average of $159.66. Hamilton Lane Incorporated has a one year low of $103.42 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results 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 return on equity of 35.59% and a net margin of 28.03%. Hamilton Lane’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. As a group, equities analysts anticipate that Hamilton Lane Incorporated will post 4.87 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.52%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HLNE shares. Morgan Stanley increased their price objective 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. Keefe, Bruyette & Woods decreased their price target on Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Wells Fargo & Company raised their target price on Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, UBS Group boosted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $175.00.

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.