JPMorgan Chase & Co. Sells 52,386 Shares of Hamilton Lane Inc. $HLNE

JPMorgan Chase & Co. decreased its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 10.9% during the third quarter, HoldingsChannel reports. The firm owned 429,993 shares of the company’s stock after selling 52,386 shares during the quarter. JPMorgan Chase & Co.’s holdings in Hamilton Lane were worth $57,959,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada grew its stake in Hamilton Lane by 6.0% in the 1st quarter. Royal Bank of Canada now owns 52,466 shares of the company’s stock valued at $7,800,000 after buying an additional 2,948 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Hamilton Lane by 4,806.7% during the first quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company’s stock valued at $759,000 after acquiring an additional 4,999 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Hamilton Lane by 196.9% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after purchasing an additional 254 shares during the last quarter. AlphaQuest LLC increased its stake in shares of Hamilton Lane by 207,100.0% in the second quarter. AlphaQuest LLC now owns 2,072 shares of the company’s stock worth $294,000 after purchasing an additional 2,071 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Hamilton Lane by 9.1% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 13,779 shares of the company’s stock worth $1,958,000 after purchasing an additional 1,147 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $106.23 on Thursday. The firm has a market cap of $5.93 billion, a P/E ratio of 19.07 and a beta of 1.30. The firm’s 50-day simple moving average is $136.49 and its 200-day simple moving average is $135.07. Hamilton Lane Inc. has a twelve month low of $98.00 and a twelve month high of $179.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.27. The firm had revenue of $198.59 million during the quarter, compared to analysts’ expectations of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. As a group, research analysts expect that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $2.16 annualized dividend and a yield of 2.0%. Hamilton Lane’s payout ratio is currently 38.78%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday, January 22nd. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Thursday, November 6th. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Morgan Stanley set a $159.00 price target on shares of Hamilton Lane in a report on Tuesday, January 27th. Finally, Zacks Research upgraded shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Hamilton Lane presently has an average rating of “Moderate Buy” and a consensus target price of $169.00.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.