Invesco Ltd. Buys 388,019 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Invesco Ltd. raised its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,923,253 shares of the company's stock after purchasing an additional 388,019 shares during the period. Invesco Ltd. owned 3.47% of Hamilton Lane worth $284,738,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Hamilton Lane by 28.4% in the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock worth $577,681,000 after acquiring an additional 863,326 shares during the last quarter. State Street Corp increased its holdings in shares of Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company's stock worth $236,516,000 after buying an additional 489,557 shares during the last quarter. Norges Bank bought a new stake in shares of Hamilton Lane during the 4th quarter worth $68,909,000. Artemis Investment Management LLP purchased a new position in Hamilton Lane in the fourth quarter worth $30,350,000. Finally, Raymond James Financial Inc. bought a new position in Hamilton Lane in the fourth quarter valued at $24,081,000. Institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

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

Remove Ads

Hamilton Lane Trading Up 0.1 %

Shares of NASDAQ HLNE traded up $0.20 during midday trading on Tuesday, hitting $141.07. 175,332 shares of the company traded hands, compared to its average volume of 414,173. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a 12-month low of $108.34 and a 12-month high of $203.72. The stock has a 50-day moving average price of $149.10 and a 200 day moving average price of $163.25. The firm has a market cap of $7.82 billion, a P/E ratio of 26.06 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. The company had revenue of $168.26 million during 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 firm's revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. As a group, analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's dividend payout ratio is presently 36.16%.

Hamilton Lane 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.