KBC Group NV Purchases 22,891 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

KBC Group NV raised its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 2,006.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,032 shares of the company's stock after buying an additional 22,891 shares during the period. KBC Group NV's holdings in Hamilton Lane were worth $3,558,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company's stock worth $236,516,000 after acquiring an additional 489,557 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock valued at $293,509,000 after acquiring an additional 413,015 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in Hamilton Lane during the 4th quarter valued at about $30,350,000. Barclays PLC grew its holdings in shares of Hamilton Lane by 84.5% in the third quarter. Barclays PLC now owns 246,383 shares of the company's stock worth $41,488,000 after purchasing an additional 112,866 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock worth $98,297,000 after acquiring an additional 97,924 shares during 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 research firms have recently weighed in on HLNE. The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a report on Monday, January 6th. UBS Group increased 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. Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a research note on Tuesday, January 21st. JPMorgan Chase & Co. upped their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Morgan Stanley increased their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $170.86.

Hamilton Lane Stock Down 0.2 %

HLNE stock traded down $0.28 during trading on Friday, hitting $159.18. 294,789 shares of the stock traded hands, compared to its average volume of 354,002. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 34.53 and a beta of 1.24. Hamilton Lane Incorporated has a 1 year low of $103.42 and a 1 year high of $203.72. The firm's 50 day moving average is $162.12 and its two-hundred day moving average is $162.19.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. During the same quarter last year, the firm earned $0.89 earnings per share. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.88 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Monday, December 16th. Hamilton Lane's dividend payout ratio (DPR) is 42.52%.

Hamilton Lane Company 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.