Mutual of America Capital Management LLC Buys New Shares in Hamilton Lane Incorporated (NASDAQ:HLNE)

Mutual of America Capital Management LLC acquired a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,904 shares of the company's stock, valued at approximately $3,688,000.

Several other hedge funds have also added to or reduced their stakes in HLNE. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 283,190 shares during the period. Van Berkom & Associates Inc. increased its stake in Hamilton Lane by 2.0% in the 2nd quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company's stock worth $110,334,000 after acquiring an additional 17,272 shares during the last quarter. Copeland Capital Management LLC raised its holdings in shares of Hamilton Lane by 0.8% in the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company's stock valued at $145,388,000 after acquiring an additional 7,106 shares in the last quarter. Fred Alger Management LLC boosted its position in shares of Hamilton Lane by 10.5% during the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company's stock valued at $84,964,000 after acquiring an additional 65,151 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Hamilton Lane by 6.8% during the second quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company's stock worth $72,943,000 after purchasing an additional 37,680 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Wall Street Analyst Weigh In

HLNE has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $181.00 to $215.00 and gave the stock a "market perform" rating in a research note on Thursday, November 7th. UBS Group boosted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a research note on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Hamilton Lane currently has an average rating of "Hold" and a consensus target price of $180.33.

Hamilton Lane Price Performance

Shares of HLNE traded up $1.38 during midday trading on Friday, hitting $199.55. 264,915 shares of the company traded hands, compared to its average volume of 351,294. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 43.29 and a beta of 1.18. The firm has a 50 day moving average of $177.45 and a 200-day moving average of $147.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. Hamilton Lane Incorporated has a 52 week low of $93.60 and a 52 week high of $203.72.

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

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a dividend of $0.49 per share. The ex-dividend date is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 0.98%. Hamilton Lane's dividend payout ratio (DPR) is 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.