Citigroup Inc. grew its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 133.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,370 shares of the company's stock after purchasing an additional 19,677 shares during the period. Citigroup Inc. owned 0.06% of Hamilton Lane worth $5,788,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in HLNE. Charles Schwab Investment Management Inc. increased its position in Hamilton Lane by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 348,406 shares of the company's stock worth $58,668,000 after purchasing an additional 31,197 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Hamilton Lane by 4.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 333,027 shares of the company's stock worth $56,078,000 after buying an additional 15,582 shares during the period. Intech Investment Management LLC purchased a new position in Hamilton Lane in the 3rd quarter worth approximately $1,683,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Hamilton Lane during the third quarter valued at approximately $4,327,000. Finally, Pathstone Holdings LLC lifted its holdings in Hamilton Lane by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 24,227 shares of the company's stock worth $4,080,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on HLNE shares. UBS Group raised their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. 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 report on Thursday, November 7th. Wells Fargo & Company raised their price target on Hamilton Lane from $156.00 to $170.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. Morgan Stanley upped their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods boosted their price objective on Hamilton Lane from $181.00 to $215.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane currently has a consensus rating of "Hold" and a consensus price target of $180.33.
Check Out Our Latest Research Report on HLNE
Hamilton Lane Trading Down 0.2 %
Shares of NASDAQ:HLNE traded down $0.48 during midday trading on Monday, reaching $191.92. The company had a trading volume of 241,531 shares, compared to its average volume of 314,262. Hamilton Lane Incorporated has a 1-year low of $97.94 and a 1-year high of $203.72. The company has a fifty day simple moving average of $182.05 and a two-hundred day simple moving average of $151.46. 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 firm has a market cap of $10.64 billion, a price-to-earnings ratio of 41.74 and a beta of 1.18.
Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The business had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. Hamilton Lane's revenue for the quarter was up 18.2% compared to the same quarter last year. Research analysts predict that Hamilton Lane Incorporated will post 4.87 earnings per share for the current year.
Hamilton Lane Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be paid a $0.49 dividend. The ex-dividend date of this dividend 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 currently 42.52%.
Hamilton Lane Company Profile
(
Free Report)
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.
Further Reading
Before you consider Hamilton Lane, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hamilton Lane wasn't on the list.
While Hamilton Lane currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
