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:HLNE) 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.

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:HLNE) 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

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.