Oppenheimer Asset Management Inc. Reduces Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Oppenheimer Asset Management Inc. decreased its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 9.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,818 shares of the company’s stock after selling 4,138 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.08% of Hamilton Lane worth $7,042,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Signaturefd LLC raised its position in shares of Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after acquiring an additional 73 shares in the last quarter. EFG Asset Management North America Corp. increased its stake in shares of Hamilton Lane by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock worth $2,125,000 after acquiring an additional 81 shares in the last quarter. CWM LLC lifted its position in Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC boosted its stake in Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after acquiring an additional 156 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Hamilton Lane by 3.6% during the third quarter. Janney Montgomery Scott LLC now owns 4,814 shares of the company’s stock valued at $811,000 after purchasing an additional 168 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $193.18 on Friday. The business’s 50-day simple moving average is $172.90 and its two-hundred day simple moving average is $144.85. Hamilton Lane Incorporated has a 52 week low of $90.82 and a 52 week high of $203.72. The stock has a market cap of $10.47 billion, a PE ratio of 41.90 and a beta of 1.18. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24.

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

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.01%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s payout ratio is currently 42.52%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HLNE. Wells Fargo & Company raised their price objective on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their target price on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Finally, Morgan Stanley raised their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $180.33.

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.