Charles Schwab Investment Management Inc. Acquires 31,197 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Charles Schwab Investment Management Inc. raised its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 9.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 348,406 shares of the company's stock after acquiring an additional 31,197 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.64% of Hamilton Lane worth $58,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of HLNE. American Century Companies Inc. raised its stake in Hamilton Lane by 30.3% during the 2nd quarter. American Century Companies Inc. now owns 580,768 shares of the company's stock worth $71,772,000 after acquiring an additional 135,040 shares during the period. Principal Financial Group Inc. raised its position in shares of Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock valued at $98,297,000 after purchasing an additional 97,924 shares during the period. Fred Alger Management LLC lifted its stake in shares of Hamilton Lane by 10.5% during the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company's stock valued at $84,964,000 after buying an additional 65,151 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in Hamilton Lane by 32.8% in the 3rd quarter. Geneva Capital Management LLC now owns 258,739 shares of the company's stock worth $43,569,000 after buying an additional 63,866 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Hamilton Lane in the 3rd quarter worth $9,587,000. Institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

HLNE has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective 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 raised their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $180.33.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE traded up $0.38 on Friday, reaching $192.40. The company's stock had a trading volume of 184,886 shares, compared to its average volume of 314,577. The company has a 50-day simple moving average of $182.05 and a 200 day simple moving average of $150.97. 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 company has a market cap of $10.67 billion, a P/E ratio of 41.74 and a beta of 1.18. Hamilton Lane Incorporated has a 52-week low of $96.38 and a 52-week high of $203.72.

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 the consensus estimate of $1.06 by $0.01. The company had revenue of $150.00 million for the quarter, compared to analysts' expectations of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. As a group, equities research analysts anticipate that Hamilton Lane Incorporated will post 4.87 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a $0.49 dividend. The ex-dividend date 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 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.