Squarepoint Ops LLC Sells 1,968 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Squarepoint Ops LLC decreased its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 42.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,623 shares of the company’s stock after selling 1,968 shares during the quarter. Squarepoint Ops LLC’s holdings in Hamilton Lane were worth $324,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Covestor Ltd increased its position in Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after acquiring an additional 298 shares during the period. Signaturefd LLC increased its position in Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after acquiring an additional 73 shares during the period. Fifth Third Bancorp increased its position in Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after acquiring an additional 358 shares during the period. Fidelis Capital Partners LLC bought a new position in Hamilton Lane during the first quarter worth $89,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Hamilton Lane during the first quarter worth $134,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Up 1.3 %

Shares of NASDAQ:HLNE opened at $174.74 on Friday. Hamilton Lane Incorporated has a 52 week low of $78.66 and a 52 week high of $177.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. The company’s fifty day moving average is $153.87 and its 200-day moving average is $132.97. The company has a market capitalization of $9.47 billion, a PE ratio of 40.17 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The company had revenue of $196.73 million for the quarter, compared to the consensus estimate of $149.84 million. During the same quarter in the previous year, the company earned $0.94 EPS. Equities research analysts predict that Hamilton Lane Incorporated will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.12%. Hamilton Lane’s dividend payout ratio is presently 45.06%.

Analysts Set New Price Targets

HLNE has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Morgan Stanley lifted their price target on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Wells Fargo & Company lifted their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, UBS Group lifted their price target on shares of Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $154.67.

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.