Erste Asset Management GmbH Sells 8,131 Shares of Hamilton Lane Inc. $HLNE

Erste Asset Management GmbH decreased its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 94.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 513 shares of the company’s stock after selling 8,131 shares during the period. Erste Asset Management GmbH’s holdings in Hamilton Lane were worth $69,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HLNE. Norges Bank acquired a new position in shares of Hamilton Lane in the 2nd quarter worth approximately $46,641,000. Champlain Investment Partners LLC boosted its stake in Hamilton Lane by 36.7% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,037,943 shares of the company’s stock valued at $147,512,000 after buying an additional 278,630 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Hamilton Lane by 70.2% in the 2nd quarter. Raymond James Financial Inc. now owns 383,473 shares of the company’s stock valued at $54,499,000 after buying an additional 158,219 shares in the last quarter. HRT Financial LP bought a new stake in Hamilton Lane in the second quarter valued at $19,136,000. Finally, Balyasny Asset Management L.P. acquired a new position in Hamilton Lane during the second quarter worth $19,028,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HLNE. Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Morgan Stanley set a $159.00 price target on shares of Hamilton Lane in a report on Tuesday, January 27th. Zacks Research upgraded shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.00.

Hamilton Lane Stock Up 1.8%

Shares of NASDAQ HLNE opened at $106.83 on Tuesday. Hamilton Lane Inc. has a 12-month low of $98.00 and a 12-month high of $179.19. The firm’s 50-day simple moving average is $134.76 and its 200 day simple moving average is $133.83. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 19.18 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.27. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The firm had revenue of $198.59 million during the quarter, compared to analysts’ expectations of $195.36 million. During the same quarter last year, the company posted $1.25 EPS. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, research analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s payout ratio is 38.78%.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.