J.P. Morgan Private Wealth Advisors LLC Decreases Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

J.P. Morgan Private Wealth Advisors LLC decreased its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNEFree Report) by 3.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 16,442 shares of the company’s stock after selling 613 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Hamilton Lane were worth $1,487,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in Hamilton Lane by 44.6% during the second quarter. FMR LLC now owns 600 shares of the company’s stock worth $40,000 after acquiring an additional 185 shares during the period. PNC Financial Services Group Inc. grew its position in Hamilton Lane by 321.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 611 shares of the company’s stock worth $48,000 after purchasing an additional 466 shares during the last quarter. Pinebridge Investments L.P. bought a new position in Hamilton Lane in the 2nd quarter worth about $49,000. State of Wyoming grew its position in Hamilton Lane by 21.0% in the 4th quarter. State of Wyoming now owns 1,171 shares of the company’s stock worth $75,000 after purchasing an additional 203 shares during the last quarter. Finally, Ensign Peak Advisors Inc bought a new position in Hamilton Lane in the 3rd quarter worth about $104,000. Institutional investors and hedge funds own 67.13% of the company’s stock.

Hamilton Lane Stock Up 2.4 %

Shares of NASDAQ:HLNE opened at $115.88 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 2.58. The company has a market cap of $6.26 billion, a PE ratio of 35.66 and a beta of 1.23. Hamilton Lane Incorporated has a 52 week low of $62.47 and a 52 week high of $121.06. The firm has a 50 day simple moving average of $111.84 and a 200 day simple moving average of $97.69.

Hamilton Lane (NASDAQ:HLNEGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.17). The firm had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $130.47 million. Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. As a group, research analysts expect that Hamilton Lane Incorporated will post 3.55 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Friday, March 15th will be given a $0.445 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a yield of 1.54%. Hamilton Lane’s payout ratio is 54.77%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HLNE shares. Morgan Stanley increased their price objective on shares of Hamilton Lane from $102.00 to $126.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Wells Fargo & Company increased their price objective on shares of Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Oppenheimer cut shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, January 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Hamilton Lane from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $102.33.

View Our Latest Stock Analysis on HLNE

About Hamilton Lane

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Hamilton Lane (NASDAQ:HLNE)

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