Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. decreased its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,657 shares of the company’s stock after selling 108 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Hamilton Lane were worth $449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLNE. Cetera Advisors LLC acquired a new position in Hamilton Lane during the first quarter worth approximately $245,000. Fifth Third Bancorp increased its holdings in shares of Hamilton Lane by 106.5% during the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after buying an additional 358 shares during the last quarter. Argent Capital Management LLC raised its position in shares of Hamilton Lane by 50.8% in the 2nd quarter. Argent Capital Management LLC now owns 7,963 shares of the company’s stock worth $984,000 after buying an additional 2,684 shares during the period. EFG Asset Management North America Corp. raised its position 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 buying an additional 81 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Hamilton Lane by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 239,623 shares of the company’s stock valued at $29,613,000 after acquiring an additional 14,214 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Hamilton Lane stock opened at $169.24 on Friday. Hamilton Lane Incorporated has a 12-month low of $103.42 and a 12-month 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 company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 36.71 and a beta of 1.19. The firm’s fifty day moving average price is $184.59 and its 200 day moving average price is $155.35.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results 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 business had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, research analysts forecast that Hamilton Lane Incorporated will post 4.87 EPS for the current fiscal 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 paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.52%.

Analyst Ratings Changes

HLNE has been the topic of a number of research reports. Keefe, Bruyette & Woods raised 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. UBS Group lifted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Morgan Stanley increased their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and an average target price 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.