Erste Asset Management GmbH Purchases New Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Erste Asset Management GmbH purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,198 shares of the company's stock, valued at approximately $1,212,000.

Other large investors also recently made changes to their positions in the company. Quarry LP boosted its holdings in Hamilton Lane by 316.2% during the second quarter. Quarry LP now owns 308 shares of the company's stock worth $38,000 after buying an additional 234 shares in the last quarter. Signaturefd LLC boosted its stake in Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company's stock worth $78,000 after purchasing an additional 73 shares during the period. CWM LLC boosted its stake in Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after purchasing an additional 100 shares during the period. Fifth Third Bancorp lifted its position in Hamilton Lane by 106.5% in the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company's stock worth $86,000 after buying an additional 358 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company's stock worth $107,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

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

Hamilton Lane Stock Down 0.7 %

Shares of Hamilton Lane stock traded down $1.26 on Wednesday, hitting $190.70. The company had a trading volume of 235,846 shares, compared to its average volume of 313,673. The firm has a market capitalization of $10.57 billion, a P/E ratio of 41.64 and a beta of 1.19. Hamilton Lane Incorporated has a twelve month low of $97.94 and a twelve month high of $203.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The stock has a 50-day moving average of $183.10 and a 200-day moving average of $152.52.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced 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. The business 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 firm's revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 earnings per share. Research analysts predict that Hamilton Lane Incorporated will post 4.87 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.03%. Hamilton Lane's dividend payout ratio (DPR) is presently 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.