Oppenheimer Asset Management Inc. Decreases Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Oppenheimer Asset Management Inc. trimmed its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 9.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 41,818 shares of the company’s stock after selling 4,138 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Hamilton Lane were worth $7,042,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Geneva Capital Management LLC boosted its stake in Hamilton Lane by 32.8% during the third quarter. Geneva Capital Management LLC now owns 258,739 shares of the company’s stock worth $43,569,000 after buying an additional 63,866 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Hamilton Lane by 15.7% during the 3rd quarter. Victory Capital Management Inc. now owns 10,667 shares of the company’s stock worth $1,796,000 after purchasing an additional 1,451 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Hamilton Lane during the 3rd quarter worth about $299,000. Assetmark Inc. raised its position in Hamilton Lane by 28.0% in the 3rd quarter. Assetmark Inc. now owns 9,208 shares of the company’s stock worth $1,551,000 after purchasing an additional 2,013 shares during the period. Finally, Pegasus Partners Ltd. purchased a new position in shares of Hamilton Lane during the third quarter valued at approximately $215,000. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Morgan Stanley lifted their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday. UBS Group boosted their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group raised their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane presently has an average rating of “Hold” and a consensus price target of $180.33.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $193.18 on Friday. Hamilton Lane Incorporated has a 12 month low of $90.82 and a 12 month high of $203.72. The stock’s fifty day moving average price is $172.90 and its 200-day moving average price is $144.85. The firm has a market cap of $10.47 billion, a P/E ratio of 41.90 and a beta of 1.18. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24.

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

Hamilton Lane Dividend Announcement

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 issued a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.01%. Hamilton Lane’s dividend payout ratio is presently 42.52%.

Hamilton Lane Company 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.