Hamilton Lane Inc. $HLNE Stock Holdings Lessened by Alps Advisors Inc.

Alps Advisors Inc. cut its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 74.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,614 shares of the company’s stock after selling 38,901 shares during the period. Alps Advisors Inc.’s holdings in Hamilton Lane were worth $1,835,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HLNE. Champlain Investment Partners LLC grew its holdings in shares of Hamilton Lane by 36.7% during the 2nd quarter. Champlain Investment Partners LLC now owns 1,037,943 shares of the company’s stock valued at $147,512,000 after acquiring an additional 278,630 shares in the last quarter. Van Berkom & Associates Inc. increased its position in Hamilton Lane by 0.8% in the 3rd quarter. Van Berkom & Associates Inc. now owns 686,204 shares of the company’s stock worth $92,493,000 after purchasing an additional 5,130 shares during the last quarter. Raymond James Financial Inc. increased its position in Hamilton Lane by 70.2% in the 2nd quarter. Raymond James Financial Inc. now owns 383,473 shares of the company’s stock worth $54,499,000 after purchasing an additional 158,219 shares during the last quarter. Norges Bank purchased a new stake in shares of Hamilton Lane during the 2nd quarter worth about $46,641,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Hamilton Lane by 26.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 274,868 shares of the company’s stock valued at $39,064,000 after buying an additional 58,300 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

HLNE has been the topic of a number of research reports. UBS Group increased their price objective on Hamilton Lane from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. increased their price target on shares of Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Oppenheimer upped their price objective on shares of Hamilton Lane from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, The Goldman Sachs Group raised shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Hamilton Lane has an average rating of “Moderate Buy” and an average price target of $173.25.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $133.00 on Wednesday. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 23.88 and a beta of 1.30. The business has a 50 day moving average price of $139.42 and a 200 day moving average price of $137.92. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21. Hamilton Lane Inc. has a twelve month low of $111.98 and a twelve month high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.27. The company had revenue of $198.59 million during the quarter, compared to analyst estimates of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. Research analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 20th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s dividend payout ratio (DPR) is currently 38.78%.

Hamilton Lane Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.