Harvest Fund Management Co. Ltd Takes Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Harvest Fund Management Co. Ltd acquired a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 754 shares of the company’s stock, valued at approximately $127,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HLNE. Signaturefd LLC grew its stake in shares of Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after buying an additional 73 shares during the period. EFG Asset Management North America Corp. lifted its holdings in Hamilton Lane by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock valued at $2,125,000 after acquiring an additional 81 shares during the last quarter. CWM LLC grew its position in Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after acquiring an additional 100 shares during the period. Islay Capital Management LLC increased its stake in Hamilton Lane by 2.2% during the third quarter. Islay Capital Management LLC now owns 4,757 shares of the company’s stock worth $801,000 after acquiring an additional 103 shares during the last quarter. Finally, Pathstone Holdings LLC raised its position in Hamilton Lane by 0.4% in the third quarter. Pathstone Holdings LLC now owns 24,227 shares of the company’s stock valued at $4,080,000 after purchasing an additional 108 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. UBS Group upped their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Morgan Stanley boosted their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $180.33.

Hamilton Lane Stock Down 3.7 %

Shares of NASDAQ:HLNE opened at $192.02 on Thursday. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane Incorporated has a fifty-two week low of $94.38 and a fifty-two week high of $203.72. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 43.25 and a beta of 1.18. The firm’s 50 day moving average price is $180.19 and its 200 day moving average price is $149.85.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts predict that Hamilton Lane Incorporated will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.02%. Hamilton Lane’s payout ratio is currently 42.52%.

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.