Hamilton Lane Inc. $HLNE Stock: Sterling Capital Management LLC Lowers Stake

Sterling Capital Management LLC reduced its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 87.9% during the third quarter, Holdings Channel.com reports. The fund owned 1,164 shares of the company’s stock after selling 8,446 shares during the period. Sterling Capital Management LLC’s holdings in Hamilton Lane were worth $101,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLNE. Root Financial Partners LLC bought a new stake in Hamilton Lane in the third quarter valued at approximately $27,000. IFP Advisors Inc increased its position in Hamilton Lane by 332.0% during the 2nd quarter. IFP Advisors Inc now owns 419 shares of the company’s stock valued at $33,000 after purchasing an additional 322 shares during the period. Fortitude Family Office LLC bought a new position in Hamilton Lane during the 3rd quarter worth approximately $51,000. Harbor Investment Advisory LLC bought a new position in Hamilton Lane during the 2nd quarter worth approximately $58,000. Finally, GAMMA Investing LLC raised its holdings in Hamilton Lane by 80.1% during the 3rd quarter. GAMMA Investing LLC now owns 789 shares of the company’s stock worth $69,000 after purchasing an additional 351 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Hamilton Lane from $116.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 27th. The Goldman Sachs Group reiterated a “buy” rating and set a $117.00 price objective on shares of Hamilton Lane in a research report on Friday, October 2nd. UBS Group decreased their price objective on shares of Hamilton Lane from $131.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Oppenheimer lowered their target price on shares of Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating for the company in a research note on Thursday, August 27th. Finally, Wells Fargo & Company assumed coverage on shares of Hamilton Lane in a report on Friday, October 2nd. They issued an “overweight” rating and a $103.00 target price on the stock. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.12.

Hamilton Lane Stock Up 4.7%

Shares of Hamilton Lane stock opened at $87.84 on Tuesday. The stock’s 50-day moving average is $90.63 and its 200 day moving average is $97.80. Hamilton Lane Inc. has a one year low of $71.88 and a one year high of $155.66. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 13.39 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.41. The business had revenue of $275.33 million during the quarter, compared to the consensus estimate of $221.94 million. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 earnings per share. Equities research analysts anticipate that Hamilton Lane Inc. will post 7.47 EPS for the current year.

Hamilton Lane Profile

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.