Natixis Advisors LLC Decreases Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Natixis Advisors LLC reduced its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,134 shares of the company’s stock after selling 995 shares during the period. Natixis Advisors LLC’s holdings in Hamilton Lane were worth $2,043,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quarry LP boosted its position in Hamilton Lane by 316.2% during the second quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 234 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after purchasing an additional 73 shares during the last quarter. CWM LLC boosted its holdings in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Hamilton Lane by 106.5% in the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after purchasing an additional 358 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 156 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HLNE. The Goldman Sachs Group boosted their price objective on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. UBS Group lifted their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley raised their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, Hamilton Lane has an average rating of “Hold” and a consensus target price of $180.33.

Hamilton Lane Price Performance

Shares of HLNE opened at $201.57 on Tuesday. The firm has a 50-day simple moving average of $178.38 and a two-hundred day simple moving average of $148.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. Hamilton Lane Incorporated has a 1-year low of $93.98 and a 1-year high of $203.72. The stock has a market cap of $11.17 billion, a PE ratio of 43.72 and a beta of 1.18.

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

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s dividend payout ratio is currently 42.52%.

About Hamilton Lane

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.