Atria Investments Inc Sells 639 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Atria Investments Inc lessened its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 15.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,515 shares of the company’s stock after selling 639 shares during the quarter. Atria Investments Inc’s holdings in Hamilton Lane were worth $592,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Hamilton Lane by 8.3% in the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock worth $414,801,000 after buying an additional 283,190 shares during the last quarter. Covestor Ltd lifted its stake in Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after purchasing an additional 298 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Hamilton Lane by 7.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,565 shares of the company’s stock worth $402,000 after purchasing an additional 261 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Hamilton Lane in the 1st quarter valued at about $292,000. Finally, Bessemer Group Inc. lifted its stake in shares of Hamilton Lane by 6.0% in the 1st quarter. Bessemer Group Inc. now owns 171,908 shares of the company’s stock valued at $19,385,000 after acquiring an additional 9,717 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Hamilton Lane Price Performance

NASDAQ HLNE opened at $194.41 on Wednesday. The business’s fifty day moving average price is $175.53 and its 200-day moving average price is $146.95. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 42.17 and a beta of 1.18. 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 $92.91 and a 1-year high of $203.72.

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. The firm 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 35.59% and a net margin of 28.03%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. On average, equities analysts predict that Hamilton Lane Incorporated will post 4.87 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 Company 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.