Hamilton Lane Incorporated (NASDAQ:HLNE) Stock Position Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 8.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,050 shares of the company's stock after acquiring an additional 3,223 shares during the quarter. BNP Paribas Financial Markets owned about 0.07% of Hamilton Lane worth $6,744,000 as of its most recent filing with the SEC.

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

Hamilton Lane Trading Up 0.7 %

Shares of NASDAQ:HLNE traded up $1.42 during mid-day trading on Tuesday, hitting $193.34. The stock had a trading volume of 145,736 shares, compared to its average volume of 313,530. The company's 50 day moving average is $182.60 and its 200-day moving average is $151.98. Hamilton Lane Incorporated has a 12-month low of $97.94 and a 12-month high of $203.72. 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 company has a market cap of $10.72 billion, a PE ratio of 41.88 and a beta of 1.19.

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, topping the consensus estimate of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The business had revenue of $150.00 million during the quarter, compared to analysts' expectations of $151.55 million. During the same quarter last year, the firm posted $0.89 earnings per share. Hamilton Lane's revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts predict that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane's dividend payout ratio is currently 42.52%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. Morgan Stanley boosted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hamilton Lane currently has an average rating of "Hold" and a consensus price target of $180.33.

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.