MetLife Investment Management LLC Acquires 19,810 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

MetLife Investment Management LLC grew its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 89.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,959 shares of the company's stock after buying an additional 19,810 shares during the period. MetLife Investment Management LLC owned 0.08% of Hamilton Lane worth $7,065,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Signaturefd LLC grew its holdings in shares of Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company's stock worth $78,000 after purchasing an additional 73 shares in the last quarter. EFG Asset Management North America Corp. grew its holdings in shares of Hamilton Lane by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company's stock worth $2,125,000 after purchasing an additional 81 shares in the last quarter. CWM LLC grew its holdings in shares of Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after purchasing an additional 100 shares in the last quarter. Islay Capital Management LLC grew its holdings in shares of Hamilton Lane by 2.2% during the third quarter. Islay Capital Management LLC now owns 4,757 shares of the company's stock worth $801,000 after purchasing an additional 103 shares in the last quarter. Finally, Pathstone Holdings LLC grew its holdings in shares of Hamilton Lane by 0.4% during the third quarter. Pathstone Holdings LLC now owns 24,227 shares of the company's stock worth $4,080,000 after purchasing an additional 108 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Hamilton Lane Price Performance

HLNE traded up $0.38 during midday trading on Friday, hitting $192.40. The stock had a trading volume of 184,886 shares, compared to its average volume of 314,577. The company has a market cap of $10.67 billion, a P/E ratio of 41.74 and a beta of 1.18. Hamilton Lane Incorporated has a 1 year low of $96.38 and a 1 year high of $203.72. 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 business has a fifty day moving average of $182.05 and a 200 day moving average of $150.97.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. The firm had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 earnings per share. As a group, equities analysts forecast that Hamilton Lane Incorporated will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane's dividend payout ratio (DPR) is presently 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.