Massachusetts Financial Services Co. MA Buys 15,582 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Massachusetts Financial Services Co. MA increased its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 4.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 333,027 shares of the company's stock after acquiring an additional 15,582 shares during the period. Massachusetts Financial Services Co. MA owned about 0.61% of Hamilton Lane worth $56,078,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of HLNE. Vanguard Group Inc. raised its stake in Hamilton Lane by 8.3% in the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company's stock valued at $414,801,000 after buying an additional 283,190 shares during the period. American Century Companies Inc. grew its position in shares of Hamilton Lane by 30.3% in the second quarter. American Century Companies Inc. now owns 580,768 shares of the company's stock valued at $71,772,000 after purchasing an additional 135,040 shares during the last quarter. Principal Financial Group Inc. grew 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 valued at $98,297,000 after purchasing an additional 97,924 shares during the last quarter. Fred Alger Management LLC grew its position in shares of Hamilton Lane by 10.5% in the second quarter. Fred Alger Management LLC now owns 687,521 shares of the company's stock valued at $84,964,000 after purchasing an additional 65,151 shares during the last quarter. Finally, Geneva Capital Management LLC grew its position in shares of Hamilton Lane by 32.8% in the third quarter. Geneva Capital Management LLC now owns 258,739 shares of the company's stock valued at $43,569,000 after purchasing an additional 63,866 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Wall Street Analyst Weigh In

HLNE has been the topic of several research reports. The Goldman Sachs Group upped their target price on Hamilton Lane from $139.00 to $147.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. UBS Group increased their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price target on Hamilton Lane from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley increased their price target 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. Seven investment 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 Price Performance

Shares of HLNE traded up $3.52 during trading hours on Monday, reaching $203.07. The stock had a trading volume of 90,831 shares, compared to its average volume of 314,464. Hamilton Lane Incorporated has a 12 month low of $93.98 and a 12 month high of $203.72. The stock has a market capitalization of $11.26 billion, a PE ratio of 43.29 and a beta of 1.18. 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's 50-day moving average is $178.38 and its two-hundred day moving average is $148.65.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The company had revenue of $150.00 million during the quarter, compared to analysts' expectations of $151.55 million. During the same period in the prior year, the company earned $0.89 EPS. Hamilton Lane's revenue was up 18.2% compared to the same quarter last year. Research analysts expect that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane's dividend payout ratio is currently 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.