BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 28,733 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 16.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,871 shares of the company’s stock after selling 28,733 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.26% of Hamilton Lane worth $24,058,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Hamilton Lane by 8.3% during the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock worth $414,801,000 after buying an additional 283,190 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Hamilton Lane by 30.3% during the 2nd quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock worth $71,772,000 after acquiring an additional 135,040 shares during the last quarter. Principal Financial Group Inc. raised its stake in Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after acquiring an additional 97,924 shares during the period. Capital World Investors acquired a new stake in Hamilton Lane during the 1st quarter valued at $9,724,000. Finally, Fred Alger Management LLC lifted its holdings in Hamilton Lane by 10.5% during the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock valued at $84,964,000 after purchasing an additional 65,151 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Trading Up 0.7 %

Shares of HLNE stock opened at $199.55 on Friday. The stock has a market cap of $11.06 billion, a P/E ratio of 43.29 and a beta of 1.18. Hamilton Lane Incorporated has a 1 year low of $93.60 and a 1 year high of $203.72. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $177.45 and a 200 day simple moving average of $147.64.

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

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.98%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio is currently 42.52%.

Wall Street Analyst Weigh In

HLNE has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. UBS Group upped their target price 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 lifted their price target on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley upped 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. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $180.33.

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.