Islay Capital Management LLC Acquires 103 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Islay Capital Management LLC grew its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 2.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,757 shares of the company’s stock after purchasing an additional 103 shares during the quarter. Islay Capital Management LLC’s holdings in Hamilton Lane were worth $801,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its position in shares of Hamilton Lane by 14.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,522 shares of the company’s stock worth $510,000 after purchasing an additional 571 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Hamilton Lane by 8.5% in the first quarter. ProShare Advisors LLC now owns 6,570 shares of the company’s stock worth $741,000 after acquiring an additional 517 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in Hamilton Lane by 60.5% in the first quarter. Orion Portfolio Solutions LLC now owns 15,001 shares of the company’s stock valued at $1,691,000 after acquiring an additional 5,657 shares during the period. Vanguard Group Inc. increased its holdings in shares of Hamilton Lane by 8.3% during the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after acquiring an additional 283,190 shares in the last quarter. Finally, Cynosure Group LLC acquired a new position in shares of Hamilton Lane during the first quarter worth approximately $321,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Trading Down 0.7 %

Shares of HLNE stock opened at $191.88 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 41.62 and a beta of 1.18. Hamilton Lane Incorporated has a 52-week low of $91.93 and a 52-week high of $203.72. The company has a 50-day simple moving average of $173.82 and a two-hundred day simple moving average of $145.86.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating 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 company had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. During the same period in the prior year, the company posted $0.89 earnings per share. Hamilton Lane’s quarterly revenue was up 18.2% on a year-over-year basis. Research analysts anticipate that Hamilton Lane Incorporated will post 4.87 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.02%. Hamilton Lane’s payout ratio is currently 42.52%.

Analysts Set New Price Targets

Several research firms recently issued reports on HLNE. Wells Fargo & Company lifted their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. 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 research report on Thursday, October 3rd. UBS Group lifted their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley increased 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. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $180.33.

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.