Parametric Portfolio Associates LLC trimmed its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 32.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,708 shares of the company’s stock after selling 15,020 shares during the quarter. Parametric Portfolio Associates LLC owned 0.16% of Hamilton Lane worth $697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new position in shares of Hamilton Lane during the 1st quarter valued at $131,000. Nationwide Fund Advisors lifted its holdings in shares of Hamilton Lane by 84.5% during the 2nd quarter. Nationwide Fund Advisors now owns 8,099 shares of the company’s stock valued at $178,000 after buying an additional 3,710 shares during the period. Rhumbline Advisers bought a new position in shares of Hamilton Lane during the 2nd quarter valued at $297,000. New York State Common Retirement Fund bought a new position in shares of Hamilton Lane during the 2nd quarter valued at $325,000. Finally, Teachers Advisors LLC bought a new position in shares of Hamilton Lane during the 2nd quarter valued at $545,000. 29.93% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities analysts have recently weighed in on the company. Morgan Stanley increased their price target on Hamilton Lane from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, November 8th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 price target on shares of Hamilton Lane in a report on Thursday, September 28th. Finally, Zacks Investment Research cut Hamilton Lane from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.00.
Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $51.20 million during the quarter, compared to analysts’ expectations of $48.64 million. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. equities analysts anticipate that Hamilton Lane Inc. will post 1.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.70 annualized dividend and a dividend yield of 2.10%.
Hamilton Lane Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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