Raymond James Trust N.A. Has $511,000 Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Raymond James Trust N.A. decreased its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 12.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,037 shares of the company’s stock after selling 426 shares during the period. Raymond James Trust N.A.’s holdings in Hamilton Lane were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. grew its position in shares of 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 grew its holdings in Hamilton Lane by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 394,806 shares of the company’s stock valued at $44,519,000 after buying an additional 51,452 shares in the last quarter. SG Americas Securities LLC increased its position in Hamilton Lane by 427.0% during the 2nd quarter. SG Americas Securities LLC now owns 25,126 shares of the company’s stock worth $3,105,000 after buying an additional 20,358 shares during the period. Royce & Associates LP acquired a new stake in shares of Hamilton Lane during the third quarter worth $538,000. Finally, F M Investments LLC bought a new stake in shares of Hamilton Lane in the second quarter valued at about $413,000. 97.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HLNE. Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Morgan Stanley raised their price objective on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. The Goldman Sachs Group upped their target price on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane presently has an average rating of “Hold” and an average target price of $180.33.

Hamilton Lane Trading Down 1.1 %

Shares of HLNE opened at $199.36 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. Hamilton Lane Incorporated has a 52-week low of $93.98 and a 52-week high of $203.72. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 43.20 and a beta of 1.18. The business’s fifty day moving average is $179.35 and its 200-day moving average is $149.26.

Hamilton Lane (NASDAQ:HLNE) last issued its 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 firm had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 18.2% on a year-over-year basis. Equities analysts anticipate that Hamilton Lane Incorporated will post 4.87 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

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

About Hamilton Lane

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.