15,671 Hamilton Lane Inc. $HLNE Shares Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 34.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,439 shares of the company’s stock after purchasing an additional 15,671 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Hamilton Lane were worth $5,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in shares of Hamilton Lane by 88.4% during the third quarter. Parallel Advisors LLC now owns 1,760 shares of the company’s stock valued at $153,000 after acquiring an additional 826 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Hamilton Lane by 37.6% in the 3rd quarter. Alps Advisors Inc. now owns 22,330 shares of the company’s stock valued at $1,940,000 after purchasing an additional 6,105 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Hamilton Lane during the third quarter worth approximately $265,000. Collaborative Fund Advisors LLC bought a new stake in shares of Hamilton Lane in the third quarter worth $426,000. Finally, Provenance Wealth Advisors LLC bought a new position in Hamilton Lane during the 3rd quarter valued at $246,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Hamilton Lane from $150.00 to $144.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Weiss Ratings upgraded shares of Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 31st. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, November 4th. UBS Group increased their price target on Hamilton Lane from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price objective on Hamilton Lane from $103.00 to $114.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Hamilton Lane currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.12.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $89.46 on Monday. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 13.27 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.37 and a current ratio of 3.37. Hamilton Lane Inc. has a 1 year low of $71.88 and a 1 year high of $155.66. The business has a fifty day moving average of $89.41 and a 200-day moving average of $96.59.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, November 3rd. The company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.33. Hamilton Lane had a net margin of 32.40% and a return on equity of 23.47%. The firm had revenue of $204.43 million during the quarter, compared to analyst estimates of $215.23 million. During the same quarter in the prior year, the firm posted $1.54 EPS. Hamilton Lane’s revenue was up 7.1% compared to the same quarter last year. Equities analysts predict that Hamilton Lane Inc. will post 7.61 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Monday, December 21st will be given a $0.60 dividend. The ex-dividend date is Monday, December 21st. This represents a $2.40 annualized dividend and a yield of 2.7%. Hamilton Lane’s payout ratio is 35.61%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a global investment management firm focused on private markets. The company serves institutional investors and private wealth clients, offering discretionary investment management and advisory services to help clients build and manage private markets portfolios.

Its strategies include investments in private equity, private credit, infrastructure and other private market assets. Hamilton Lane provides access through commingled funds, customized separate accounts, secondary investments and direct or co-investments.