Bridges Investment Management Inc. Purchases 2,309 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Bridges Investment Management Inc. boosted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 70.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,607 shares of the company's stock after buying an additional 2,309 shares during the period. Bridges Investment Management Inc.'s holdings in Hamilton Lane were worth $830,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock valued at $293,509,000 after buying an additional 413,015 shares in the last quarter. State Street Corp boosted its stake in shares of Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company's stock worth $236,516,000 after buying an additional 489,557 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Hamilton Lane by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company's stock valued at $186,111,000 after acquiring an additional 25,657 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock valued at $98,297,000 after purchasing an additional 97,924 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Hamilton Lane by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 356,226 shares of the company's stock valued at $52,739,000 after purchasing an additional 7,932 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of brokerages have issued reports on HLNE. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods raised their price target 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. The Goldman Sachs Group cut shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. in a research note on Monday, January 6th. Morgan Stanley raised their price target 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, Wells Fargo & Company raised their price target 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Hamilton Lane presently has an average rating of "Hold" and a consensus target price of $173.14.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock traded down $5.83 during trading on Thursday, hitting $147.20. 250,959 shares of the stock were exchanged, compared to its average volume of 498,843. The stock has a market cap of $8.16 billion, a PE ratio of 27.14 and a beta of 1.25. The stock's fifty day moving average is $153.93 and its 200 day moving average is $165.30. Hamilton Lane Incorporated has a 12 month low of $103.42 and a 12 month high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The company had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm's revenue for the quarter was up 34.3% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. As a group, sell-side 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. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, March 14th. Hamilton Lane's dividend payout ratio is currently 36.16%.

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.