Artemis Investment Management LLP Makes New $30.35 Million Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Artemis Investment Management LLP purchased a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 204,999 shares of the company's stock, valued at approximately $30,350,000. Artemis Investment Management LLP owned about 0.37% of Hamilton Lane at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HLNE. State Street Corp lifted its holdings in Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company's stock valued at $236,516,000 after purchasing an additional 489,557 shares in the last quarter. Wellington Management Group LLP boosted its holdings 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 worth $293,509,000 after buying an additional 413,015 shares during the period. Barclays PLC increased its stake in Hamilton Lane by 84.5% in the 3rd quarter. Barclays PLC now owns 246,383 shares of the company's stock worth $41,488,000 after buying an additional 112,866 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Hamilton Lane by 20.2% during the third 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 period. Finally, DF Dent & Co. Inc. lifted its position in shares of Hamilton Lane by 26.4% in the third 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 in the last quarter. Institutional investors own 97.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price on the stock. in a report on Monday, January 6th. Wells Fargo & Company dropped their target price on shares of Hamilton Lane from $194.00 to $163.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. 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. Finally, Morgan Stanley raised their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of "Hold" and an average price target of $168.33.

Hamilton Lane Trading Up 0.4 %

HLNE stock traded up $0.67 during midday trading on Monday, reaching $150.26. 457,867 shares of the company traded hands, compared to its average volume of 469,662. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 32.59 and a beta of 1.24. Hamilton Lane Incorporated has a 52-week low of $103.42 and a 52-week high of $203.72. The business has a 50 day moving average of $169.53 and a 200-day moving average of $160.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) 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 the consensus estimate of $151.55 million. During the same period last year, the company earned $0.89 earnings per share. Hamilton Lane's revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts expect that Hamilton Lane Incorporated will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Monday, December 16th. Hamilton Lane's dividend payout ratio (DPR) is currently 42.52%.

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.