Epoch Investment Partners Inc. Decreases Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Epoch Investment Partners Inc. cut its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 29.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 567,455 shares of the company’s stock after selling 231,896 shares during the period. Epoch Investment Partners Inc. owned approximately 1.05% of Hamilton Lane worth $63,986,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Hamilton Lane by 0.9% during the third quarter. Vanguard Group Inc. now owns 3,185,272 shares of the company’s stock worth $288,076,000 after purchasing an additional 29,711 shares in the last quarter. Colonial River Wealth Management LLC purchased a new stake in Hamilton Lane during the 4th quarter worth about $319,000. Arizona State Retirement System increased its holdings in Hamilton Lane by 4.0% during the 4th quarter. Arizona State Retirement System now owns 9,709 shares of the company’s stock worth $1,101,000 after purchasing an additional 370 shares during the period. International Assets Investment Management LLC purchased a new stake in Hamilton Lane during the 4th quarter worth about $142,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hamilton Lane by 5.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,831 shares of the company’s stock worth $888,000 after acquiring an additional 414 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLNE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $118.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, May 24th. UBS Group increased their price objective on Hamilton Lane from $120.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, June 24th. Finally, JPMorgan Chase & Co. increased their target price on Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.29.

Hamilton Lane Stock Up 1.6 %

Shares of NASDAQ HLNE traded up $2.26 during midday trading on Friday, reaching $144.11. 295,252 shares of the company’s stock were exchanged, compared to its average volume of 347,982. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market capitalization of $7.78 billion, a PE ratio of 39.05 and a beta of 1.17. Hamilton Lane Incorporated has a 52-week low of $78.66 and a 52-week high of $146.28. The business’s fifty day moving average price is $126.44 and its two-hundred day moving average price is $118.06.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Thursday, May 23rd. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.38. The company had revenue of $176.67 million during the quarter, compared to the consensus estimate of $134.72 million. Hamilton Lane had a return on equity of 31.07% and a net margin of 25.43%. Analysts forecast that Hamilton Lane Incorporated will post 4.52 EPS for the current year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were issued a dividend of $0.49 per share. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, June 14th. This represents a $1.96 annualized dividend and a yield of 1.36%. Hamilton Lane’s payout ratio is presently 53.12%.

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.