Hamilton Lane Inc. $HLNE Stock Holdings Cut by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 87.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164 shares of the company’s stock after selling 8,446 shares during the quarter. Sterling Capital Management LLC’s holdings in Hamilton Lane were worth $101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HLNE. Public Employees Retirement System of Ohio grew its stake in shares of Hamilton Lane by 0.3% during the first quarter. Public Employees Retirement System of Ohio now owns 44,678 shares of the company’s stock worth $4,441,000 after buying an additional 115 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Hamilton Lane by 0.6% during the first quarter. Empowered Funds LLC now owns 21,114 shares of the company’s stock worth $2,099,000 after buying an additional 122 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Hamilton Lane by 9.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,995 shares of the company’s stock valued at $260,000 after acquiring an additional 258 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Hamilton Lane by 3.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,400 shares of the company’s stock valued at $835,000 after acquiring an additional 276 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Hamilton Lane in the 3rd quarter valued at $27,000. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HLNE shares. Zacks Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Weiss Ratings raised Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st. UBS Group dropped their target price on Hamilton Lane from $131.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Wells Fargo & Company initiated coverage on Hamilton Lane in a research report on Friday, October 2nd. They issued an “overweight” rating and a $103.00 target price for the company. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $117.00 price target on shares of Hamilton Lane in a research note on Friday, October 2nd. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.12.

Hamilton Lane Price Performance

HLNE stock opened at $87.84 on Tuesday. The company has a fifty day moving average price of $90.63 and a 200-day moving average price of $97.80. The company has a market capitalization of $4.88 billion, a P/E ratio of 13.39 and a beta of 1.23. Hamilton Lane Inc. has a 52-week low of $71.88 and a 52-week high of $155.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.49 and a current ratio of 3.49.

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

Hamilton Lane Company 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.