754 Shares in Hamilton Lane Incorporated (NASDAQ:HLNE) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd acquired a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 754 shares of the company’s stock, valued at approximately $127,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HLNE. O Shaughnessy Asset Management LLC increased its position in Hamilton Lane by 7.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,565 shares of the company’s stock valued at $402,000 after acquiring an additional 261 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Hamilton Lane in the first quarter valued at approximately $252,000. Price T Rowe Associates Inc. MD raised its stake in shares of Hamilton Lane by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 394,806 shares of the company’s stock worth $44,519,000 after purchasing an additional 51,452 shares during the last quarter. Comerica Bank lifted its holdings in shares of Hamilton Lane by 6.3% during the first quarter. Comerica Bank now owns 5,266 shares of the company’s stock worth $594,000 after purchasing an additional 311 shares during the period. Finally, Cetera Advisors LLC purchased a new position in Hamilton Lane in the 1st quarter valued at $245,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HLNE. UBS Group boosted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley boosted their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. The Goldman Sachs Group raised their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $180.33.

Hamilton Lane Trading Down 3.7 %

Shares of HLNE opened at $192.02 on Thursday. The firm has a 50 day simple moving average of $180.19 and a 200-day simple moving average of $149.85. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 43.25 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. Hamilton Lane Incorporated has a 1-year low of $94.38 and a 1-year high of $203.72.

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

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s dividend payout ratio is presently 42.52%.

Hamilton Lane Profile

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.