Equitable Trust Co. Cuts Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Equitable Trust Co. trimmed its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 12.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,344 shares of the company’s stock after selling 645 shares during the period. Equitable Trust Co.’s holdings in Hamilton Lane were worth $731,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HLNE. Vanguard Group Inc. grew its position in Hamilton Lane by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after purchasing an additional 283,190 shares during the last quarter. American Century Companies Inc. grew its position in Hamilton Lane by 30.3% during the 2nd quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock valued at $71,772,000 after purchasing an additional 135,040 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Hamilton Lane during the 1st quarter valued at about $11,445,000. Principal Financial Group Inc. grew its position in Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after purchasing an additional 97,924 shares during the last quarter. Finally, Capital World Investors purchased a new stake in Hamilton Lane during the 1st quarter valued at about $9,724,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on HLNE. The Goldman Sachs Group increased their price objective on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their price objective 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. Keefe, Bruyette & Woods boosted 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $179.00.

Hamilton Lane Price Performance

NASDAQ HLNE opened at $194.47 on Friday. The business’s fifty day moving average price is $169.23 and its 200-day moving average price is $142.78. The stock 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 current ratio of 2.72 and a quick ratio of 2.72. Hamilton Lane Incorporated has a 1-year low of $89.28 and a 1-year high of $196.60.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. Hamilton Lane had a return on equity of 37.20% and a net margin of 28.03%. The firm had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. During the same period in the prior year, the firm earned $0.89 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. On average, equities analysts predict that Hamilton Lane Incorporated will post 4.9 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.01%. Hamilton Lane’s dividend payout ratio is currently 42.52%.

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.