Franklin Resources Inc. Purchases 15,554 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Franklin Resources Inc. raised its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184,836 shares of the company's stock after acquiring an additional 15,554 shares during the period. Franklin Resources Inc. owned approximately 0.33% of Hamilton Lane worth $32,746,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. FMR LLC increased its stake in Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company's stock valued at $936,000 after acquiring an additional 3,922 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Hamilton Lane by 13.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 45,956 shares of the company's stock valued at $5,679,000 after buying an additional 5,412 shares in the last quarter. Icon Wealth Advisors LLC bought a new stake in Hamilton Lane in the 3rd quarter worth approximately $819,000. Royce & Associates LP purchased a new stake in Hamilton Lane in the third quarter worth approximately $538,000. Finally, BNP Paribas Financial Markets grew its position in Hamilton Lane by 8.8% during the third quarter. BNP Paribas Financial Markets now owns 40,050 shares of the company's stock valued at $6,744,000 after acquiring an additional 3,223 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

HLNE has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. The Goldman Sachs Group upped their price target 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. UBS Group lifted their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Morgan Stanley increased their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods lifted their price target 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. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $184.33.

Hamilton Lane Trading Down 0.7 %

Shares of NASDAQ HLNE traded down $1.11 during trading hours on Thursday, hitting $151.40. The company's stock had a trading volume of 773,061 shares, compared to its average volume of 328,950. Hamilton Lane Incorporated has a 12 month low of $103.42 and a 12 month high of $203.72. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 32.84 and a beta of 1.19. 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 business has a 50-day simple moving average of $183.43 and a 200-day simple moving average of $156.09.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates 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 business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company earned $0.89 EPS. On average, analysts anticipate that Hamilton Lane Incorporated will post 4.87 earnings per share for the current fiscal 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 paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, December 16th. Hamilton Lane's payout ratio is 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.