Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 356,226 shares of the company's stock after acquiring an additional 7,932 shares during the period. Bank of New York Mellon Corp owned about 0.64% of Hamilton Lane worth $52,739,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HLNE. FMR LLC raised its position in shares of Hamilton Lane by 239.9% during the 3rd quarter. FMR LLC now owns 5,557 shares of the company's stock worth $936,000 after purchasing an additional 3,922 shares during the last quarter. Retirement Systems of Alabama acquired a new position in shares of Hamilton Lane during the 3rd quarter worth approximately $8,291,000. Icon Wealth Advisors LLC acquired a new position in shares of Hamilton Lane during the 3rd quarter worth approximately $819,000. Royce & Associates LP acquired a new position in shares of Hamilton Lane during the 3rd quarter worth approximately $538,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Hamilton Lane by 41.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company's stock worth $3,522,000 after purchasing an additional 6,178 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a research report on Tuesday, January 21st. Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Morgan Stanley lifted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group cut shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $173.14.

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Hamilton Lane Trading Down 1.1 %

Shares of HLNE stock traded down $1.65 on Friday, reaching $145.94. 718,095 shares of the stock were exchanged, compared to its average volume of 510,304. The stock has a market cap of $8.09 billion, a P/E ratio of 26.93 and a beta of 1.28. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $153.73 and a two-hundred day moving average of $165.26. Hamilton Lane Incorporated has a 1-year low of $103.42 and a 1-year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.12. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business's revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. On average, research analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.34%. Hamilton Lane's payout ratio is 36.16%.

About Hamilton Lane

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.