OneDigital Investment Advisors LLC Takes $217,000 Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

OneDigital Investment Advisors LLC bought a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the third quarter, HoldingsChannel reports. The fund bought 1,286 shares of the company’s stock, valued at approximately $217,000.

Several other large investors have also recently bought and sold shares of the business. Bamco Inc. NY acquired a new position in shares of Hamilton Lane during the 1st quarter worth about $3,076,000. Vanguard Group Inc. boosted its holdings in Hamilton Lane by 8.3% in the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after purchasing an additional 283,190 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Hamilton Lane by 13.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 45,956 shares of the company’s stock valued at $5,679,000 after purchasing an additional 5,412 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Hamilton Lane by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 394,806 shares of the company’s stock worth $44,519,000 after purchasing an additional 51,452 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Hamilton Lane by 427.0% during the second quarter. SG Americas Securities LLC now owns 25,126 shares of the company’s stock worth $3,105,000 after purchasing an additional 20,358 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HLNE. Morgan Stanley increased their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company lifted their target price on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their target price 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. Finally, The Goldman Sachs Group lifted their price target on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $180.33.

Hamilton Lane Stock Up 0.7 %

HLNE opened at $199.55 on Friday. Hamilton Lane Incorporated has a 52 week low of $93.60 and a 52 week high of $203.72. The business has a 50 day moving average price of $177.45 and a two-hundred day moving average price of $147.64. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The company has a market cap of $11.06 billion, a PE ratio of 43.13 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The business had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, research analysts anticipate that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s payout ratio is 42.52%.

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.