Islay Capital Management LLC Has $801,000 Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Islay Capital Management LLC boosted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 2.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,757 shares of the company’s stock after buying an additional 103 shares during the period. Islay Capital Management LLC’s holdings in Hamilton Lane were worth $801,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HLNE. Covestor Ltd boosted its holdings in Hamilton Lane by 14,900.0% in the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after purchasing an additional 298 shares during the period. Quarry LP lifted its stake in Hamilton Lane by 316.2% during the second quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after purchasing an additional 73 shares in the last quarter. CWM LLC boosted its stake in Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Hamilton Lane by 106.5% in the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after acquiring an additional 358 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HLNE shares. Wells Fargo & Company raised their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods raised 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. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley upped their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of “Hold” and an average target price of $180.33.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $191.88 on Monday. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 41.62 and a beta of 1.18. Hamilton Lane Incorporated has a twelve month low of $91.93 and a twelve month high of $203.72. The stock has a fifty day simple moving average of $173.82 and a 200 day simple moving average of $145.86. 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 issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (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 during the quarter, compared to the consensus estimate of $151.55 million. During the same period last year, the company earned $0.89 earnings per share. The firm’s revenue was up 18.2% compared to the same quarter last year. Sell-side analysts expect that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.02%. 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.