Public Employees Retirement System of Ohio Decreases Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Public Employees Retirement System of Ohio reduced its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,383 shares of the company’s stock after selling 665 shares during the period. Public Employees Retirement System of Ohio owned 0.07% of Hamilton Lane worth $6,295,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HLNE. Cetera Advisors LLC purchased a new position in shares of Hamilton Lane in the 1st quarter valued at $245,000. Fifth Third Bancorp boosted its stake in Hamilton Lane by 106.5% in the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after acquiring an additional 358 shares in the last quarter. Argent Capital Management LLC grew its holdings in shares of Hamilton Lane by 50.8% during the second quarter. Argent Capital Management LLC now owns 7,963 shares of the company’s stock worth $984,000 after purchasing an additional 2,684 shares during the last quarter. EFG Asset Management North America Corp. grew its holdings in shares of Hamilton Lane by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock worth $2,125,000 after purchasing an additional 81 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Hamilton Lane by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 239,623 shares of the company’s stock worth $29,613,000 after purchasing an additional 14,214 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $169.24 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The business has a 50 day simple moving average of $184.59 and a 200-day simple moving average of $155.18. Hamilton Lane Incorporated has a 12 month low of $103.42 and a 12 month high of $203.72. The stock has a market capitalization of $9.38 billion, a PE ratio of 36.71 and a beta of 1.19.

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

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.16%. Hamilton Lane’s payout ratio is currently 42.52%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. 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 note on Thursday, November 7th. Morgan Stanley increased their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane currently has a consensus rating of “Hold” and an average price target of $184.33.

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.