Erste Asset Management GmbH Has $1.01 Million Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Erste Asset Management GmbH trimmed its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 4.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,864 shares of the company’s stock after selling 334 shares during the quarter. Erste Asset Management GmbH’s holdings in Hamilton Lane were worth $1,014,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its position in shares of Hamilton Lane by 3.6% during the third quarter. Janney Montgomery Scott LLC now owns 4,814 shares of the company’s stock worth $811,000 after acquiring an additional 168 shares in the last quarter. Assetmark Inc. increased its holdings in Hamilton Lane by 28.0% during the 3rd quarter. Assetmark Inc. now owns 9,208 shares of the company’s stock worth $1,551,000 after purchasing an additional 2,013 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Hamilton Lane in the 3rd quarter valued at about $299,000. Victory Capital Management Inc. lifted its holdings in shares of Hamilton Lane by 15.7% in the third quarter. Victory Capital Management Inc. now owns 10,667 shares of the company’s stock valued at $1,796,000 after purchasing an additional 1,451 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Hamilton Lane by 18.0% during the third quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $192,000 after buying an additional 174 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HLNE. Wells Fargo & Company lifted their target price on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $173.14.

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $142.56 on Friday. The stock has a market capitalization of $7.90 billion, a PE ratio of 26.30 and a beta of 1.28. Hamilton Lane Incorporated has a 1-year low of $105.16 and a 1-year high of $203.72. The firm has a fifty day simple moving average of $153.04 and a 200 day simple moving average of $164.90. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. On average, research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

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.