Atria Investments Inc Has $465,000 Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Atria Investments Inc cut its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNEFree Report) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,139 shares of the company’s stock after selling 376 shares during the period. Atria Investments Inc’s holdings in Hamilton Lane were worth $465,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HLNE. FMR LLC grew its stake in Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after acquiring an additional 3,922 shares during the period. Retirement Systems of Alabama acquired a new position in Hamilton Lane in the third quarter valued at about $8,291,000. Icon Wealth Advisors LLC acquired a new position in Hamilton Lane in the third quarter valued at about $819,000. Royce & Associates LP acquired a new position in Hamilton Lane in the third quarter valued at about $538,000. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Hamilton Lane by 41.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock valued at $3,522,000 after acquiring an additional 6,178 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research note on Tuesday, January 21st. Wells Fargo & Company upped their price objective on Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $173.14.

Read Our Latest Report on Hamilton Lane

Hamilton Lane Stock Performance

HLNE opened at $142.56 on Friday. Hamilton Lane Incorporated has a 52-week low of $105.16 and a 52-week high of $203.72. The firm has a market capitalization of $7.90 billion, a PE ratio of 26.30 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The business’s 50-day simple moving average is $152.89 and its 200 day simple moving average is $164.91.

Hamilton Lane (NASDAQ:HLNEGet Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. Hamilton Lane’s revenue was up 34.3% on a year-over-year basis. As a group, sell-side analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.37%. Hamilton Lane’s payout ratio is presently 36.16%.

Hamilton Lane Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Hamilton Lane (NASDAQ:HLNE)

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