80,782 Hamilton Lane Inc. $HLNE Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. cut its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 9.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 804,106 shares of the company’s stock after selling 80,782 shares during the period. Hamilton Lane accounts for about 2.5% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 14th biggest position. Van Berkom & Associates Inc.’s holdings in Hamilton Lane were worth $69,845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HLNE. Principal Financial Group Inc. grew its stake in Hamilton Lane by 1.7% during the first quarter. Principal Financial Group Inc. now owns 1,103,913 shares of the company’s stock worth $109,725,000 after buying an additional 18,063 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Hamilton Lane by 12.9% during the first quarter. Janus Henderson Group PLC now owns 905,660 shares of the company’s stock worth $90,045,000 after buying an additional 103,663 shares in the last quarter. Copeland Capital Management LLC raised its stake in shares of Hamilton Lane by 52.5% in the third quarter. Copeland Capital Management LLC now owns 741,678 shares of the company’s stock valued at $64,422,000 after acquiring an additional 255,238 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hamilton Lane by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 678,579 shares of the company’s stock valued at $67,450,000 after acquiring an additional 12,115 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Hamilton Lane by 37.4% in the first quarter. Sei Investments Co. now owns 406,425 shares of the company’s stock valued at $40,399,000 after acquiring an additional 110,617 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Stock Up 7.2%

Shares of NASDAQ:HLNE opened at $95.87 on Tuesday. Hamilton Lane Inc. has a 12 month low of $71.88 and a 12 month high of $155.66. The company’s 50-day moving average price is $89.21 and its two-hundred day moving average price is $96.31. The company has a quick ratio of 3.49, a current ratio of 3.37 and a debt-to-equity ratio of 0.14. The firm has a market cap of $5.32 billion, a P/E ratio of 14.22 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.33. Hamilton Lane had a net margin of 32.40% and a return on equity of 23.47%. The firm had revenue of $204.43 million during the quarter, compared to analysts’ expectations of $215.23 million. During the same quarter last year, the company posted $1.54 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, research analysts forecast that Hamilton Lane Inc. will post 7.61 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Monday, December 21st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, December 21st. Hamilton Lane’s dividend payout ratio is presently 35.61%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HLNE. UBS Group boosted their target price on Hamilton Lane from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Weiss Ratings raised Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st. Zacks Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. BMO Capital Markets cut their price objective on Hamilton Lane from $116.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday, October 27th. Finally, JPMorgan Chase & Co. reduced their price objective on Hamilton Lane from $150.00 to $144.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 4th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.12.

Hamilton Lane Profile

Hamilton Lane Incorporated is a global investment management firm focused on private markets. The company serves institutional investors and private wealth clients, offering discretionary investment management and advisory services to help clients build and manage private markets portfolios.

Its strategies include investments in private equity, private credit, infrastructure and other private market assets. Hamilton Lane provides access through commingled funds, customized separate accounts, secondary investments and direct or co-investments.