Richard Bernstein Advisors LLC Sells 16,277 Shares of Hamilton Lane Inc. $HLNE

Richard Bernstein Advisors LLC trimmed its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 59.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,960 shares of the company’s stock after selling 16,277 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Hamilton Lane were worth $1,477,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Cornerstone Planning Group LLC lifted its holdings in Hamilton Lane by 347.7% during the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock worth $27,000 after buying an additional 153 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Hamilton Lane by 920.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock valued at $29,000 after acquiring an additional 184 shares during the period. Hantz Financial Services Inc. raised its position in shares of Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after acquiring an additional 95 shares in the last quarter. First Horizon Corp bought a new position in shares of Hamilton Lane in the 3rd quarter worth $31,000. Finally, Global Retirement Partners LLC lifted its stake in shares of Hamilton Lane by 126.4% during the 3rd quarter. Global Retirement Partners LLC now owns 317 shares of the company’s stock worth $43,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HLNE. Morgan Stanley set a $159.00 price objective on Hamilton Lane in a research report on Tuesday, January 27th. Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Keefe, Bruyette & Woods raised their target price on Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, Oppenheimer boosted their price target on shares of Hamilton Lane from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.00.

Hamilton Lane Stock Down 1.0%

Shares of NASDAQ HLNE opened at $104.48 on Wednesday. The business’s 50 day moving average is $131.04 and its two-hundred day moving average is $131.88. Hamilton Lane Inc. has a 52-week low of $98.00 and a 52-week high of $179.19. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 18.76 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. The firm had revenue of $198.59 million during the quarter, compared to analyst estimates of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.Hamilton Lane’s revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business posted $1.25 earnings per share. Research analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm 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 dividend of $0.54 per share. The ex-dividend date is Friday, March 20th. This represents a $2.16 dividend on an annualized basis and a yield of 2.1%. Hamilton Lane’s dividend payout ratio is currently 38.78%.

Hamilton Lane 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.