Legal & General Group Plc Purchases 2,298 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Legal & General Group Plc grew its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 79,460 shares of the company's stock after acquiring an additional 2,298 shares during the period. Legal & General Group Plc owned about 0.14% of Hamilton Lane worth $11,764,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HLNE. Retirement Systems of Alabama purchased a new stake in shares of Hamilton Lane during the third quarter valued at $8,291,000. Franklin Resources Inc. lifted its stake in Hamilton Lane by 9.2% during the third quarter. Franklin Resources Inc. now owns 184,836 shares of the company's stock valued at $32,746,000 after buying an additional 15,554 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Hamilton Lane during the third quarter valued at about $291,000. Artemis Investment Management LLP acquired a new position in shares of Hamilton Lane in the fourth quarter worth about $30,350,000. Finally, Principal Financial Group Inc. increased its position in shares of Hamilton Lane by 20.2% in the third 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 in the last quarter. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Stock Up 4.0 %

NASDAQ HLNE traded up $5.28 during trading on Tuesday, reaching $136.68. The company's stock had a trading volume of 383,024 shares, compared to its average volume of 423,611. 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 stock has a market capitalization of $7.58 billion, a PE ratio of 25.22 and a beta of 1.32. Hamilton Lane Incorporated has a 1-year low of $109.96 and a 1-year high of $203.72. The business has a 50-day moving average price of $146.24 and a 200-day moving average price of $161.91.

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 analysts' consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million during the quarter, compared to analysts' expectations of $158.86 million. During the same period in the prior year, the company posted $0.71 earnings per share. Hamilton Lane's revenue for the quarter was up 34.3% on a year-over-year basis. On average, research analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley decreased their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company decreased their target price on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group lowered Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $165.29.

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.