Van Berkom & Associates Inc. Sells 80,782 Shares of Hamilton Lane Inc. $HLNE

Key Points

• Van Berkom & Associates cut its Hamilton Lane stake by 9.1%, selling 80,782 shares in the third quarter; it retained 804,106 shares, worth about $69.8 million.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $126.12. Recent target changes were mixed, while seven analysts rated the stock Buy and three Hold.
• Hamilton Lane reported quarterly EPS of $1.98, beating estimates of $1.65, while revenue of $204.43 million fell short of expectations; revenue rose 7.1% year over year. The company also declared a $0.60 quarterly dividend.

Van Berkom & Associates Inc. decreased its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 9.1% in the 3rd quarter, according to the company in its most recent filing 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 comprises approximately 2.5% of Van Berkom & Associates Inc.'s holdings, making the stock its 14th largest holding. Van Berkom & Associates Inc. owned 1.45% of Hamilton Lane worth $69,845,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of Hamilton Lane during the 3rd quarter worth approximately $27,000. IFP Advisors Inc increased its position in shares of Hamilton Lane by 332.0% during the second quarter. IFP Advisors Inc now owns 419 shares of the company's stock valued at $33,000 after purchasing an additional 322 shares during the period. Fortitude Family Office LLC acquired a new position in shares of Hamilton Lane in the third quarter valued at $51,000. Harbor Investment Advisory LLC acquired a new position in shares of Hamilton Lane in the second quarter valued at $58,000. Finally, GAMMA Investing LLC raised its stake in shares of Hamilton Lane by 80.1% in the third quarter. GAMMA Investing LLC now owns 789 shares of the company's stock valued at $69,000 after purchasing an additional 351 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Weiss Ratings raised Hamilton Lane from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 31st. JPMorgan Chase & Co. lowered their price target on shares of Hamilton Lane from $150.00 to $144.00 and set an "overweight" rating on the stock in a report on Wednesday, November 4th. Zacks Research cut shares of Hamilton Lane from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 19th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, November 4th. Finally, Wells Fargo & Company raised their price objective on shares of Hamilton Lane from $103.00 to $114.00 and gave the stock an "overweight" rating in a report on Wednesday, November 4th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $126.12.

Hamilton Lane Trading Up 7.2%

HLNE stock opened at $95.87 on Tuesday. Hamilton Lane Inc. has a 1-year low of $71.88 and a 1-year high of $155.66. The company has a current ratio of 3.37, a quick ratio of 3.49 and a debt-to-equity ratio of 0.14. The business's 50 day moving average is $89.21 and its 200-day moving average is $96.31. 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 - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.65 by $0.33. The business had revenue of $204.43 million during the quarter, compared to the consensus estimate of $215.23 million. Hamilton Lane had a return on equity of 23.47% and a net margin of 32.40%. Hamilton Lane's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS. Equities analysts anticipate that Hamilton Lane Inc. will post 7.61 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

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

About Hamilton Lane

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.

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