Brown Brothers Harriman & Co. decreased its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,885 shares of the company’s stock after selling 1,440 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Hamilton Lane were worth $627,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Huntington National Bank acquired a new stake in Hamilton Lane in the 2nd quarter worth approximately $43,000. Fieldpoint Private Securities LLC lifted its holdings in Hamilton Lane by 118.8% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 525 shares of the company’s stock worth $48,000 after purchasing an additional 285 shares during the last quarter. Jump Financial LLC acquired a new stake in Hamilton Lane in the 2nd quarter worth approximately $200,000. Beacon Pointe Advisors LLC acquired a new stake in Hamilton Lane in the 1st quarter worth approximately $207,000. Finally, Cresset Asset Management LLC acquired a new stake in Hamilton Lane in the 2nd quarter worth approximately $237,000. 62.79% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on HLNE. Zacks Investment Research lowered Hamilton Lane from a “buy” rating to a “hold” rating in a report on Wednesday, October 6th. Morgan Stanley upped their target price on Hamilton Lane from $97.00 to $98.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 4th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $96.00.
NASDAQ:HLNE opened at $89.15 on Thursday. Hamilton Lane Incorporated has a 1-year low of $67.35 and a 1-year high of $97.48. The business’s 50-day moving average price is $88.22 and its two-hundred day moving average price is $89.89. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 26.22 and a beta of 0.80.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 3rd. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.16. The company had revenue of $79.00 million for the quarter, compared to analyst estimates of $83.13 million. Hamilton Lane had a return on equity of 60.79% and a net margin of 35.04%. Hamilton Lane’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Sell-side analysts predict that Hamilton Lane Incorporated will post 3.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 6th. Shareholders of record on Wednesday, September 15th were paid a $0.35 dividend. The ex-dividend date was Tuesday, September 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.57%. Hamilton Lane’s dividend payout ratio is 51.28%.
Hamilton Lane Profile
Hamilton Lane, Inc is a holding company, which engages in the provision of private markets investment solutions. The firm works with clients to conceive, structure, build out, manage, and monitor portfolios of private markets funds and direct investments. It also offers the following solutions: customized separate accounts; specialized funds; advisory services; distribution management; and reporting, monitoring, data, and analytics.
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