Cwm LLC Has $85,000 Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Cwm LLC increased its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 24.7% during the third quarter, Holdings Channel reports. The fund owned 505 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Cwm LLC’s holdings in Hamilton Lane were worth $85,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Covestor Ltd raised its holdings in shares of Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after acquiring an additional 298 shares during the period. Quarry LP increased its stake in Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 234 shares during the period. Signaturefd LLC increased its stake in 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. Fifth Third Bancorp increased its stake in shares of Hamilton Lane by 106.5% during the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after purchasing an additional 358 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Hamilton Lane during the 1st quarter worth $89,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE opened at $177.85 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27. Hamilton Lane Incorporated has a 1-year low of $80.09 and a 1-year high of $181.96. The stock has a market capitalization of $9.64 billion, a P/E ratio of 40.89 and a beta of 1.19. The business has a 50-day moving average price of $162.20 and a two-hundred day moving average price of $137.70.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The business had revenue of $196.73 million for the quarter, compared to analyst estimates of $149.84 million. During the same period in the prior year, the business posted $0.94 earnings per share. Equities analysts predict that Hamilton Lane Incorporated will post 4.9 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were given a $0.49 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.10%. Hamilton Lane’s dividend payout ratio is 45.06%.

Wall Street Analysts Forecast Growth

HLNE has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. UBS Group increased their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group boosted their price target 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. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $160.50.

Hamilton Lane 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.