EntryPoint Capital LLC Has $238,000 Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

EntryPoint Capital LLC reduced its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 59.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,607 shares of the company’s stock after selling 2,370 shares during the period. EntryPoint Capital LLC’s holdings in Hamilton Lane were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after purchasing an additional 3,922 shares during the last quarter. Retirement Systems of Alabama acquired a new position in Hamilton Lane during the 3rd quarter worth about $8,291,000. Teachers Retirement System of The State of Kentucky grew its position in shares of Hamilton Lane by 41.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock valued at $3,522,000 after buying an additional 6,178 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Hamilton Lane by 8.8% in the third quarter. BNP Paribas Financial Markets now owns 40,050 shares of the company’s stock valued at $6,744,000 after buying an additional 3,223 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Hamilton Lane by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after acquiring an additional 25,657 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a research report on Monday, January 6th. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price target on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $147.08 on Friday. The firm has a market capitalization of $8.15 billion, a P/E ratio of 27.14 and a beta of 1.28. The firm’s 50-day moving average price is $153.94 and its 200-day moving average price is $164.85. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a 1-year low of $108.34 and a 1-year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. Equities research analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.33%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

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.