MetLife Investment Management LLC Grows Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

MetLife Investment Management LLC grew its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 9.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,022 shares of the company's stock after acquiring an additional 4,063 shares during the period. MetLife Investment Management LLC owned 0.08% of Hamilton Lane worth $6,814,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HLNE. HighTower Advisors LLC purchased a new position in Hamilton Lane during the 3rd quarter worth $291,000. Barclays PLC increased its stake in shares of Hamilton Lane by 84.5% during the third quarter. Barclays PLC now owns 246,383 shares of the company's stock valued at $41,488,000 after buying an additional 112,866 shares during the period. Virtu Financial LLC bought a new stake in shares of Hamilton Lane in the third quarter valued at about $310,000. Franklin Resources Inc. lifted its stake in Hamilton Lane by 9.2% in the third quarter. Franklin Resources Inc. now owns 184,836 shares of the company's stock worth $32,746,000 after acquiring an additional 15,554 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in Hamilton Lane during the 3rd quarter worth about $2,397,000. Institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HLNE. Wells Fargo & Company dropped their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group downgraded Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. Morgan Stanley decreased their price objective on 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. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the company 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 issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $165.29.

Hamilton Lane Price Performance

Shares of HLNE opened at $136.68 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The company's fifty day moving average price is $146.24 and its 200-day moving average price is $161.91. Hamilton Lane Incorporated has a 1-year low of $109.96 and a 1-year high of $203.72. The firm has a market capitalization of $7.58 billion, a PE ratio of 25.22 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the previous year, the business earned $0.71 EPS. The company's quarterly revenue was up 34.3% compared to the same quarter last year. On average, equities research analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

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

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.

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