Lord Abbett & CO. LLC Has $57.06 Million Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Lord Abbett & CO. LLC cut its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 338,866 shares of the company’s stock after selling 2,166 shares during the period. Lord Abbett & CO. LLC’s holdings in Hamilton Lane were worth $57,061,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP lifted its stake in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after acquiring an additional 234 shares during the last quarter. CWM LLC raised its holdings in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after purchasing an additional 100 shares during the period. Signaturefd LLC lifted its stake in 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 during the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 156 shares during the period. Finally, Icon Wealth Advisors LLC bought a new position in Hamilton Lane during the third quarter worth about $111,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $169.24 on Friday. 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. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 36.71 and a beta of 1.19. The stock’s fifty day moving average price is $184.59 and its two-hundred day moving average price is $155.35.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating 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 business had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. During the same period in the prior year, the company posted $0.89 earnings per share. Hamilton Lane’s revenue was up 18.2% compared to the same quarter last year. On average, equities analysts forecast that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders 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 annualized dividend and a dividend yield of 1.16%. Hamilton Lane’s dividend payout ratio is presently 42.52%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HLNE shares. JPMorgan Chase & Co. raised their price objective on 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 price target 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 lifted their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Morgan Stanley raised their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $184.33.

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.