Sanctuary Advisors LLC Buys Shares of 7,193 Hamilton Lane Incorporated (NASDAQ:HLNE)

Sanctuary Advisors LLC purchased a new position in Hamilton Lane Incorporated (NASDAQ:HLNE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,193 shares of the company’s stock, valued at approximately $824,000.

Other large investors also recently modified their holdings of the company. Covestor Ltd boosted its stake in shares of Hamilton Lane by 14,900.0% during the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after acquiring an additional 298 shares during the last quarter. Quarry LP raised its stake in Hamilton Lane by 316.2% during the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares in the last quarter. Signaturefd LLC raised its position in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after buying an additional 73 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Hamilton Lane by 106.5% in the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after purchasing an additional 358 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in Hamilton Lane during the first quarter worth $89,000. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HLNE shares. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. UBS Group upped their target price on Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. The Goldman Sachs Group raised their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley upped their price target on Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hamilton Lane currently has a consensus rating of “Hold” and a consensus target price of $154.67.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $174.74 on Friday. The stock has a fifty day moving average price of $153.87 and a 200 day moving average price of $133.13. The stock has a market cap of $9.44 billion, a PE ratio of 47.36 and a beta of 1.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. Hamilton Lane Incorporated has a 1 year low of $78.66 and a 1 year high of $177.62.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The firm had revenue of $196.73 million for the quarter, compared to analyst estimates of $149.84 million. During the same quarter last year, the firm posted $0.94 earnings per share. Sell-side analysts forecast that Hamilton Lane Incorporated will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were paid a $0.49 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.12%. Hamilton Lane’s dividend payout ratio (DPR) is presently 53.12%.

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.