Intech Investment Management LLC Takes Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Intech Investment Management LLC bought a new position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 9,993 shares of the company's stock, valued at approximately $1,683,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Van Berkom & Associates Inc. lifted its stake in Hamilton Lane by 2.0% in the 2nd quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company's stock worth $110,334,000 after purchasing an additional 17,272 shares in the last quarter. Copeland Capital Management LLC lifted its stake in Hamilton Lane by 0.8% in the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company's stock worth $145,388,000 after purchasing an additional 7,106 shares in the last quarter. Fred Alger Management LLC lifted its stake in Hamilton Lane by 10.5% in the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company's stock worth $84,964,000 after purchasing an additional 65,151 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Hamilton Lane by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company's stock worth $72,943,000 after purchasing an additional 37,680 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake 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 purchasing an additional 97,924 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group increased their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 9th. Morgan Stanley increased their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $180.33.

Hamilton Lane Trading Down 1.1 %

Hamilton Lane stock traded down $2.21 during trading hours on Tuesday, reaching $199.36. The stock had a trading volume of 204,268 shares, compared to its average volume of 314,744. The stock has a market cap of $11.05 billion, a PE ratio of 43.20 and a beta of 1.18. Hamilton Lane Incorporated has a 52 week low of $93.98 and a 52 week high of $203.72. 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 company has a fifty day simple moving average of $179.35 and a 200-day simple moving average of $149.26.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. The business had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company's revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. Analysts forecast that Hamilton Lane Incorporated will post 4.87 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane's dividend payout ratio (DPR) is presently 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.