Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 25.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 232,025 shares of the company's stock after acquiring an additional 47,189 shares during the period. Franklin Resources Inc. owned 0.42% of Hamilton Lane worth $34,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC raised its holdings in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after acquiring an additional 61 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after purchasing an additional 221 shares during the last quarter. R Squared Ltd purchased a new position in Hamilton Lane during the fourth quarter worth about $213,000. Aigen Investment Management LP purchased a new stake in Hamilton Lane in the 4th quarter valued at about $221,000. Finally, OLD National Bancorp IN acquired a new position in shares of Hamilton Lane during the 4th quarter valued at about $222,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HLNE. Wells Fargo & Company dropped their price target on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. Finally, Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target for the company in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $170.00.

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Hamilton Lane Stock Down 7.3 %

Shares of Hamilton Lane stock traded down $10.78 during trading on Thursday, reaching $136.30. The company had a trading volume of 109,624 shares, compared to its average volume of 409,973. The firm's fifty day moving average is $150.57 and its 200-day moving average is $163.86. Hamilton Lane Incorporated has a fifty-two week low of $108.34 and a fifty-two week high of $203.72. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 25.17 and a beta of 1.32. 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 for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business's quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS. On average, analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.44%. Hamilton Lane's payout ratio is currently 36.16%.

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.