Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 72.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,786 shares of the company’s stock after selling 41,817 shares during the quarter. Edgestream Partners L.P.’s holdings in Hamilton Lane were worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HLNE. Principal Securities Inc. bought a new stake in Hamilton Lane during the fourth quarter worth approximately $26,000. Dimensional Fund Advisors LP lifted its position in shares of Hamilton Lane by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 544,233 shares of the company’s stock valued at $61,740,000 after acquiring an additional 22,832 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Hamilton Lane in the 4th quarter worth approximately $237,000. Beacon Pointe Advisors LLC purchased a new position in Hamilton Lane during the 4th quarter worth approximately $207,000. Finally, Norges Bank acquired a new stake in Hamilton Lane during the 4th quarter valued at $43,195,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Up 1.7 %

Shares of Hamilton Lane stock opened at $161.25 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 43.70 and a beta of 1.18. The stock has a 50-day simple moving average of $144.17 and a 200-day simple moving average of $125.87. Hamilton Lane Incorporated has a 52-week low of $78.66 and a 52-week high of $163.30.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.10 by $0.41. The firm had revenue of $196.73 million for the quarter, compared to the consensus estimate of $149.84 million. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. During the same period in the prior year, the business posted $0.94 earnings per share. On average, equities research analysts expect that Hamilton Lane Incorporated will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be issued a $0.49 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.96 annualized dividend and a yield of 1.22%. Hamilton Lane’s dividend payout ratio (DPR) is currently 53.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company assumed coverage on shares of Hamilton Lane in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $156.00 price target for the company. UBS Group boosted their price objective on shares of Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hamilton Lane has an average rating of “Hold” and an average target price of $142.20.

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.