Barclays PLC Purchases 112,866 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Barclays PLC boosted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 84.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,383 shares of the company's stock after acquiring an additional 112,866 shares during the quarter. Barclays PLC owned 0.44% of Hamilton Lane worth $41,488,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP grew its holdings in shares of Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company's stock worth $38,000 after purchasing an additional 234 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company's stock worth $78,000 after buying an additional 73 shares in the last quarter. CWM LLC increased its holdings in shares of Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after buying an additional 100 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Hamilton Lane by 106.5% in the second quarter. Fifth Third Bancorp now owns 694 shares of the company's stock valued at $86,000 after acquiring an additional 358 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Hamilton Lane by 32.4% in the third quarter. GAMMA Investing LLC now owns 637 shares of the company's stock valued at $107,000 after acquiring an additional 156 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HLNE has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on Hamilton Lane from $181.00 to $215.00 and gave the stock a "market perform" rating in a research note on Thursday, November 7th. Morgan Stanley raised their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. The Goldman Sachs Group boosted their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a research note on Thursday, October 3rd. UBS Group increased their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their price target on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an "equal weight" rating in a report on Thursday. Seven analysts have rated the stock with a hold rating, According to MarketBeat, Hamilton Lane currently has an average rating of "Hold" and an average target price of $184.33.

Hamilton Lane Trading Down 1.2 %

Shares of HLNE traded down $1.99 on Friday, reaching $169.24. 510,029 shares of the company's stock were exchanged, compared to its average volume of 320,171. The business has a 50 day moving average price of $184.59 and a two-hundred day moving average price of $155.18. Hamilton Lane Incorporated has a 12 month low of $103.42 and a 12 month high of $203.72. The stock has a market capitalization of $9.38 billion, a P/E ratio of 36.71 and a beta of 1.19. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $150.00 million during the quarter, compared to analysts' expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. Research analysts anticipate that Hamilton Lane Incorporated will post 4.87 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.16%. Hamilton Lane's payout ratio is currently 42.52%.

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.