Natixis Advisors LLC Decreases Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Natixis Advisors LLC decreased its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,134 shares of the company’s stock after selling 995 shares during the period. Natixis Advisors LLC’s holdings in Hamilton Lane were worth $2,043,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. American Century Companies Inc. lifted its stake in Hamilton Lane by 30.3% in the second quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock worth $71,772,000 after acquiring an additional 135,040 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of 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 purchasing an additional 97,924 shares in the last quarter. Fred Alger Management LLC lifted its position in shares of Hamilton Lane by 10.5% during the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock worth $84,964,000 after purchasing an additional 65,151 shares during the last quarter. Geneva Capital Management LLC grew its stake in shares of 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 purchasing an additional 63,866 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Hamilton Lane in the third quarter valued at $9,587,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company lifted their price target on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. The Goldman Sachs Group boosted their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock 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 company a “market perform” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $180.33.

Hamilton Lane Price Performance

HLNE stock opened at $201.57 on Tuesday. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $11.17 billion, a P/E ratio of 43.72 and a beta of 1.18. The business has a 50 day simple moving average of $178.38 and a 200-day simple moving average of $148.65. Hamilton Lane Incorporated has a twelve month low of $93.98 and a twelve month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. Hamilton Lane’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 EPS. As a group, equities analysts anticipate that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared 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. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio is currently 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.