Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 64.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,258 shares of the company’s stock after selling 11,505 shares during the quarter. GSA Capital Partners LLP’s holdings in Hamilton Lane were worth $1,054,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new position in shares of Hamilton Lane during the third quarter worth about $299,000. Assetmark Inc. increased its stake in shares of Hamilton Lane by 28.0% during the third quarter. Assetmark Inc. now owns 9,208 shares of the company’s stock worth $1,551,000 after acquiring an additional 2,013 shares during the period. Pegasus Partners Ltd. acquired a new position in shares of Hamilton Lane during the third quarter worth about $215,000. Fiera Capital Corp boosted its holdings in Hamilton Lane by 15.4% during the third quarter. Fiera Capital Corp now owns 281,311 shares of the company’s stock worth $47,370,000 after buying an additional 37,451 shares in the last quarter. Finally, Lifestyle Asset Management Inc. purchased a new stake in Hamilton Lane during the third quarter worth about $241,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. UBS Group upped their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $180.33.

Hamilton Lane Stock Down 0.7 %

HLNE stock opened at $191.88 on Friday. The company’s 50 day simple moving average is $173.82 and its 200-day simple moving average is $145.39. The firm has a market capitalization of $10.40 billion, a PE ratio of 41.62 and a beta of 1.18. Hamilton Lane Incorporated has a 12 month low of $91.93 and a 12 month high of $203.72. 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 (NASDAQ:HLNE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 earnings per share. Equities analysts expect that Hamilton Lane Incorporated will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a dividend of $0.49 per share. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.02%. Hamilton Lane’s dividend payout ratio (DPR) 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.