Barclays PLC Grows Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Barclays PLC raised its stake in Hamilton Lane Incorporated (NASDAQ:HLNEFree Report) by 28.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 95,815 shares of the company’s stock after acquiring an additional 21,123 shares during the period. Barclays PLC’s holdings in Hamilton Lane were worth $8,665,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HLNE. LPL Financial LLC lifted its holdings in shares of Hamilton Lane by 1.9% during the second quarter. LPL Financial LLC now owns 6,999 shares of the company’s stock worth $560,000 after purchasing an additional 130 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in Hamilton Lane by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,020 shares of the company’s stock valued at $242,000 after acquiring an additional 144 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Hamilton Lane by 11.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,609 shares of the company’s stock valued at $146,000 after acquiring an additional 168 shares during the period. Huntington National Bank lifted its holdings in Hamilton Lane by 14.3% in the second quarter. Huntington National Bank now owns 1,368 shares of the company’s stock valued at $109,000 after acquiring an additional 171 shares during the period. Finally, FMR LLC lifted its holdings in Hamilton Lane by 44.6% in the second quarter. FMR LLC now owns 600 shares of the company’s stock valued at $40,000 after acquiring an additional 185 shares during the period. 67.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HLNE shares. Wells Fargo & Company raised their target price on Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a report on Wednesday. Oppenheimer cut Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 11th. Morgan Stanley lifted their price objective on Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and an average price target of $102.33.

Read Our Latest Research Report on Hamilton Lane

Hamilton Lane Stock Up 1.6 %

HLNE opened at $114.12 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.45 and a quick ratio of 3.45. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 37.42 and a beta of 1.23. The business has a 50-day moving average of $111.19 and a two-hundred day moving average of $97.25. Hamilton Lane Incorporated has a 12 month low of $62.47 and a 12 month high of $121.06.

Hamilton Lane (NASDAQ:HLNEGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.17). The firm had revenue of $125.26 million during the quarter, compared to analyst estimates of $130.47 million. Hamilton Lane had a net margin of 25.61% and a return on equity of 29.38%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, research analysts expect that Hamilton Lane Incorporated will post 3.71 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Friday, March 15th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 58.36%.

About Hamilton Lane

(Free Report)

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.

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Institutional Ownership by Quarter for Hamilton Lane (NASDAQ:HLNE)

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