Argent Capital Management LLC Has $1.80 Million Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Argent Capital Management LLC lifted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,151 shares of the company's stock after purchasing an additional 3,094 shares during the quarter. Argent Capital Management LLC's holdings in Hamilton Lane were worth $1,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HLNE. State Street Corp grew 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 grew its stake in Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock valued at $293,509,000 after acquiring an additional 413,015 shares during the last quarter. Barclays PLC grew its stake in Hamilton Lane by 84.5% in the 3rd quarter. Barclays PLC now owns 246,383 shares of the company's stock valued at $41,488,000 after acquiring an additional 112,866 shares during the last quarter. Principal Financial Group Inc. grew its stake in Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock valued at $98,297,000 after acquiring an additional 97,924 shares during the last quarter. Finally, DF Dent & Co. Inc. grew its stake in Hamilton Lane by 26.4% in the 3rd quarter. DF Dent & Co. Inc. now owns 335,952 shares of the company's stock valued at $56,571,000 after acquiring an additional 70,091 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

Shares of HLNE traded up $4.98 during midday trading on Thursday, hitting $149.59. 353,019 shares of the stock traded hands, compared to its average volume of 381,803. Hamilton Lane Incorporated has a 1-year low of $103.42 and a 1-year high of $203.72. The firm has a market capitalization of $8.29 billion, a PE ratio of 32.45 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The business's 50 day moving average price is $171.21 and its two-hundred day moving average price is $160.09.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company's quarterly revenue was up 18.2% compared to the same quarter last year. Equities research analysts predict that Hamilton Lane Incorporated will post 4.88 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.31%. Hamilton Lane's payout ratio is presently 42.52%.

Analyst Upgrades and Downgrades

HLNE has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Morgan Stanley upped their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. UBS Group upped their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Wells Fargo & Company reduced their target price on shares of Hamilton Lane from $194.00 to $163.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Hamilton Lane from $167.00 to $158.00 and set a "market perform" rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, Hamilton Lane presently has a consensus rating of "Hold" and a consensus target price of $168.33.

Hamilton Lane Company 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.