IHT Wealth Management LLC Takes $256,000 Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

IHT Wealth Management LLC acquired a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 1,524 shares of the company’s stock, valued at approximately $256,000.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after buying an additional 73 shares in the last quarter. EFG Asset Management North America Corp. lifted its position in shares of Hamilton Lane by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock valued at $2,125,000 after acquiring an additional 81 shares in the last quarter. CWM LLC lifted its holdings in Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares in the last quarter. Islay Capital Management LLC lifted its holdings in Hamilton Lane by 2.2% in the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company’s stock worth $801,000 after purchasing an additional 103 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in Hamilton Lane by 6.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company’s stock worth $303,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on HLNE shares. Morgan Stanley boosted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. The Goldman Sachs Group boosted their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their target price on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upped their price objective on Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $180.33.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $174.55 on Wednesday. The firm has a 50-day moving average price of $184.56 and a 200-day moving average price of $154.64. The firm has a market capitalization of $9.68 billion, a PE ratio of 37.86 and a beta of 1.19. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane Incorporated has a 12-month low of $103.42 and a 12-month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $151.55 million. During the same period in the prior year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities research analysts forecast that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.12%. Hamilton Lane’s 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.