1,277 Shares in Hamilton Lane Incorporated (NASDAQ:HLNE) Purchased by Pegasus Partners Ltd.

Pegasus Partners Ltd. bought a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the 3rd quarter, Holdings Channel reports. The firm bought 1,277 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in shares of Hamilton Lane by 14,900.0% in the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after acquiring an additional 298 shares during the period. Quarry LP grew its holdings in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the last quarter. CWM LLC increased its position in shares of Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares in the last quarter. Signaturefd LLC increased its position in shares of Hamilton Lane by 13.1% in the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after buying an additional 73 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Hamilton Lane by 32.4% during the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after buying an additional 156 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

Shares of HLNE opened at $194.47 on Friday. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 42.18 and a beta of 1.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. Hamilton Lane Incorporated has a 1 year low of $89.28 and a 1 year high of $196.60. The company’s 50 day simple moving average is $169.23 and its 200 day simple moving average is $142.58.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data 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. The business had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a return on equity of 37.20% and a net margin of 28.03%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. On average, sell-side analysts predict that Hamilton Lane Incorporated will post 4.9 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently disclosed 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. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio is currently 42.52%.

Wall Street Analysts Forecast Growth

HLNE has been the subject of several recent research reports. The Goldman Sachs Group raised their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Wells Fargo & Company raised their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. UBS Group lifted their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their target price on Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. boosted their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $179.00.

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.