American Century Companies Inc. Grows Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

American Century Companies Inc. boosted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 551,466 shares of the company's stock after purchasing an additional 39,342 shares during the quarter. American Century Companies Inc. owned approximately 0.99% of Hamilton Lane worth $81,645,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HLNE. State Street Corp lifted its stake in shares of Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company's stock worth $236,516,000 after purchasing an additional 489,557 shares during the period. Wellington Management Group LLP lifted its position in Hamilton Lane by 31.1% during the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock worth $293,509,000 after buying an additional 413,015 shares during the period. Artemis Investment Management LLP acquired a new stake in Hamilton Lane in the 4th quarter worth about $30,350,000. Raymond James Financial Inc. purchased a new stake in Hamilton Lane in the 4th quarter valued at about $24,081,000. Finally, Barclays PLC increased its position in Hamilton Lane by 84.5% during the third quarter. Barclays PLC now owns 246,383 shares of the company's stock worth $41,488,000 after purchasing an additional 112,866 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HLNE shares. The Goldman Sachs Group cut 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 note on Monday, January 6th. Wells Fargo & Company cut their price objective on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Finally, Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $170.71.

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Hamilton Lane Stock Down 2.5 %

Shares of HLNE stock traded down $3.73 during trading hours on Friday, reaching $147.08. The company had a trading volume of 381,833 shares, compared to its average volume of 394,625. The company has a market capitalization of $8.15 billion, a P/E ratio of 27.14 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a twelve month low of $108.34 and a twelve month high of $203.72. The stock's fifty day simple moving average is $153.94 and its 200 day simple moving average is $164.85.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. The company had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business's quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share. As a group, sell-side analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.33%. Hamilton Lane's payout ratio is currently 36.16%.

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.