Allspring Global Investments Holdings LLC grew its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,656 shares of the company's stock after purchasing an additional 19,721 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.14% of Hamilton Lane worth $11,349,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC raised its holdings in Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after acquiring an additional 100 shares during the period. Icon Wealth Advisors LLC acquired a new position in shares of Hamilton Lane during the 3rd quarter worth about $111,000. Harvest Fund Management Co. Ltd bought a new stake in Hamilton Lane during the 3rd quarter valued at approximately $127,000. KBC Group NV grew its holdings in Hamilton Lane by 18.0% in the 3rd quarter. KBC Group NV now owns 1,141 shares of the company's stock valued at $192,000 after buying an additional 174 shares during the last quarter. Finally, Associated Banc Corp bought a new position in Hamilton Lane in the 3rd quarter worth approximately $212,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.
Hamilton Lane Price Performance
Shares of Hamilton Lane stock traded down $5.80 during trading on Friday, hitting $151.46. 641,616 shares of the company's stock traded hands, compared to its average volume of 501,427. Hamilton Lane Incorporated has a twelve month low of $103.42 and a twelve month high of $203.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The company has a market cap of $8.40 billion, a PE ratio of 27.94 and a beta of 1.25. The firm's fifty day moving average price is $154.28 and its 200 day moving average price is $164.19.
Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same period in the previous year, the business earned $0.71 earnings per share. The company's quarterly revenue was up 34.3% on a year-over-year basis. Analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.
Hamilton Lane Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.29%. Hamilton Lane's dividend payout ratio is currently 36.16%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company increased their price target on shares of Hamilton Lane from $163.00 to $169.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Morgan Stanley raised their price target on shares of 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 lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a research report on Monday, January 6th. Finally, Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Hamilton Lane has a consensus rating of "Hold" and a consensus price target of $173.14.
Read Our Latest Stock Report on HLNE
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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