Millennium Management LLC Has $78.97 Million Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Millennium Management LLC cut its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 52.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 638,976 shares of the company’s stock after selling 710,095 shares during the quarter. Millennium Management LLC’s holdings in Hamilton Lane were worth $78,965,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HLNE. Nomura Asset Management Co. Ltd. raised its holdings in Hamilton Lane by 21.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,953 shares of the company’s stock valued at $222,000 after acquiring an additional 344 shares during the period. Alberta Investment Management Corp boosted its stake in Hamilton Lane by 64.6% in the 4th quarter. Alberta Investment Management Corp now owns 24,101 shares of the company’s stock valued at $2,734,000 after purchasing an additional 9,460 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Hamilton Lane in the 4th quarter valued at $1,706,000. Epoch Investment Partners Inc. grew its holdings in Hamilton Lane by 108.6% in the 4th quarter. Epoch Investment Partners Inc. now owns 799,351 shares of the company’s stock valued at $90,678,000 after buying an additional 416,103 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its holdings in Hamilton Lane by 4.9% in the 4th quarter. Personal CFO Solutions LLC now owns 4,220 shares of the company’s stock valued at $479,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Trading Down 0.3 %

Shares of Hamilton Lane stock opened at $166.67 on Monday. The firm’s 50-day moving average price is $147.81 and its two-hundred day moving average price is $128.78. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 45.17 and a beta of 1.18. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. Hamilton Lane Incorporated has a 12-month low of $78.66 and a 12-month high of $169.01.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The business had revenue of $196.73 million for the quarter, compared to analysts’ expectations of $149.84 million. During the same period last year, the firm posted $0.94 earnings per share. On average, analysts forecast that Hamilton Lane Incorporated will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be given a dividend of $0.49 per share. The ex-dividend date is Monday, September 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.18%. Hamilton Lane’s dividend payout ratio is currently 53.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HLNE shares. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company assumed coverage on shares of Hamilton Lane in a research report on Thursday, September 12th. They set an “equal weight” rating and a $156.00 target price on the stock. UBS Group increased their target price on shares of Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Six 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 a consensus target price of $142.20.

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.