Epoch Investment Partners Inc. Has $63.99 Million Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Epoch Investment Partners Inc. lowered its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 29.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 567,455 shares of the company’s stock after selling 231,896 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Hamilton Lane were worth $63,986,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Hamilton Lane by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock worth $414,801,000 after acquiring an additional 283,190 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Hamilton Lane by 14.6% in the fourth quarter. Clearbridge Investments LLC now owns 1,413,804 shares of the company’s stock worth $160,382,000 after purchasing an additional 179,873 shares during the period. TD Asset Management Inc increased its holdings in shares of Hamilton Lane by 249.5% in the fourth quarter. TD Asset Management Inc now owns 1,143,179 shares of the company’s stock worth $129,682,000 after purchasing an additional 816,102 shares during the period. Dimensional Fund Advisors LP increased its stake in Hamilton Lane by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 544,233 shares of the company’s stock valued at $61,740,000 after acquiring an additional 22,832 shares during the last quarter. Finally, Norges Bank purchased a new stake in Hamilton Lane during the fourth quarter valued at about $43,195,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $118.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, May 24th. UBS Group lifted their price target on shares of Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, June 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Seven analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $114.29.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE traded up $2.26 during mid-day trading on Friday, reaching $144.11. The company’s stock had a trading volume of 295,252 shares, compared to its average volume of 347,982. Hamilton Lane Incorporated has a 1-year low of $78.66 and a 1-year high of $146.28. The stock has a market capitalization of $7.78 billion, a P/E ratio of 39.05 and a beta of 1.17. The stock has a 50-day moving average of $126.44 and a two-hundred day moving average of $118.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.02 and a current ratio of 3.02.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Thursday, May 23rd. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.38. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. The firm had revenue of $176.67 million for the quarter, compared to the consensus estimate of $134.72 million. On average, equities research analysts anticipate that Hamilton Lane Incorporated will post 4.52 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.36%. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.45. Hamilton Lane’s dividend payout ratio is presently 53.12%.

About Hamilton Lane

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.