Jane Street Group LLC Decreases Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Jane Street Group LLC lessened its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 61.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,152 shares of the company’s stock after selling 36,264 shares during the period. Jane Street Group LLC’s holdings in Hamilton Lane were worth $3,899,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after purchasing an additional 489,557 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Hamilton Lane by 31.1% in the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after purchasing an additional 413,015 shares during the period. American Century Companies Inc. boosted its holdings in Hamilton Lane by 30.3% in the 2nd quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock worth $71,772,000 after buying an additional 135,040 shares during the period. Principal Financial Group Inc. grew its stake in Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after buying an additional 97,924 shares in the last quarter. Finally, Fred Alger Management LLC raised its holdings in Hamilton Lane by 10.5% during the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock valued at $84,964,000 after acquiring an additional 65,151 shares during the period. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HLNE. JPMorgan Chase & Co. raised 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. Wells Fargo & Company lifted their target price on Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. The Goldman Sachs Group upped their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley raised their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $184.33.

Hamilton Lane Price Performance

HLNE stock opened at $152.51 on Thursday. The firm has a 50 day simple moving average of $183.86 and a two-hundred day simple moving average of $156.12. The stock has a market cap of $8.45 billion, a PE ratio of 33.08 and a beta of 1.19. Hamilton Lane Incorporated has a one year low of $103.42 and a one year high of $203.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping 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 company had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. During the same period in the previous year, the business earned $0.89 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, analysts predict that Hamilton Lane Incorporated will post 4.87 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.29%. Hamilton Lane’s dividend payout ratio is 42.52%.

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.