Hamilton Lane Incorporated (NASDAQ:HLNE) Holdings Lifted by Bridgewater Associates LP

Bridgewater Associates LP raised its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 113.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,424 shares of the company's stock after buying an additional 2,878 shares during the quarter. Bridgewater Associates LP's holdings in Hamilton Lane were worth $913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLNE. Signaturefd LLC grew its position in Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company's stock valued at $78,000 after buying an additional 73 shares during the last quarter. EFG Asset Management North America Corp. increased its position in shares of Hamilton Lane by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company's stock valued at $2,125,000 after buying an additional 81 shares in the last quarter. CWM LLC raised its position in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after acquiring an additional 100 shares during the last quarter. Islay Capital Management LLC lifted its stake in Hamilton Lane by 2.2% in the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company's stock valued at $801,000 after buying an additional 103 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in shares of Hamilton Lane by 0.4% during the third quarter. Pathstone Holdings LLC now owns 24,227 shares of the company's stock valued at $4,080,000 after acquiring an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HLNE. The Goldman Sachs Group raised their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their target price 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. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $181.00 to $215.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley increased 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. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane presently has an average rating of "Hold" and an average price target of $180.33.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE traded down $0.48 on Monday, reaching $191.92. 241,531 shares of the company's stock were exchanged, compared to its average volume of 314,262. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 41.74 and a beta of 1.18. Hamilton Lane Incorporated has a fifty-two week low of $97.94 and a fifty-two week high of $203.72. The business's 50-day moving average is $182.05 and its two-hundred day moving average is $151.46. The company has a quick ratio of 3.37, a current 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 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. As a group, equities research analysts forecast that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a dividend of $0.49 per share. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.02%. Hamilton Lane's dividend payout ratio (DPR) is presently 42.52%.

Hamilton Lane 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.