Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. boosted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,387 shares of the company's stock after purchasing an additional 5,141 shares during the period. Bessemer Group Inc. owned about 0.29% of Hamilton Lane worth $24,042,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Hamilton Lane by 28.4% during the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after acquiring an additional 863,326 shares during the period. Invesco Ltd. lifted its holdings in shares of Hamilton Lane by 25.3% in the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock worth $284,738,000 after buying an additional 388,019 shares in the last quarter. State Street Corp raised its stake in shares of Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company's stock valued at $236,516,000 after acquiring an additional 489,557 shares during the period. Geode Capital Management LLC increased its holdings in Hamilton Lane by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company's stock valued at $170,280,000 after buying an additional 44,865 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Hamilton Lane by 10.6% during the fourth quarter. JPMorgan Chase & Co. now owns 689,902 shares of the company's stock worth $102,140,000 after purchasing an additional 66,378 shares during the period. Institutional investors own 97.40% of the company's stock.

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Analyst Upgrades and Downgrades

HLNE has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group cut shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a research report on Monday, January 6th. Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a research note on Tuesday, January 21st. Morgan Stanley reduced their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, Wells Fargo & Company dropped their price target on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $165.29.

Hamilton Lane Stock Down 2.9 %

Hamilton Lane stock traded down $4.03 during trading hours on Wednesday, hitting $137.32. 212,894 shares of the stock traded hands, compared to its average volume of 415,092. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The company has a market cap of $7.61 billion, a PE ratio of 25.34 and a beta of 1.32. The firm's 50-day moving average price is $148.59 and its two-hundred day moving average price is $163.10. Hamilton Lane Incorporated has a one year low of $108.34 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company's revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. On average, research analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio is presently 36.16%.

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.