Allspring Global Investments Holdings LLC Buys New Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Allspring Global Investments Holdings LLC acquired a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 56,935 shares of the company's stock, valued at approximately $9,587,000. Allspring Global Investments Holdings LLC owned approximately 0.11% of Hamilton Lane at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC raised its position in Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company's stock valued at $78,000 after buying an additional 73 shares during the last quarter. EFG Asset Management North America Corp. lifted its position 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 valued at $2,125,000 after purchasing an additional 81 shares in the last quarter. CWM LLC grew its position in Hamilton Lane by 24.7% in the 3rd 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. GAMMA Investing LLC grew its position in Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company's stock worth $107,000 after purchasing an additional 156 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Hamilton Lane by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 55,451 shares of the company's stock valued at $6,853,000 after buying an additional 208 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HLNE shares. JPMorgan Chase & Co. upped their target price on Hamilton Lane from $120.00 to $134.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods raised their target price on Hamilton Lane from $135.00 to $145.00 and gave the company a "market perform" rating in a research report on Wednesday, August 7th. Morgan Stanley boosted their price target on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. UBS Group raised 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. Finally, Wells Fargo & Company boosted 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 note on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $160.50.

Hamilton Lane Stock Performance

Shares of HLNE stock traded down $0.08 during trading on Friday, reaching $177.85. 193,608 shares of the company's stock traded hands, compared to its average volume of 282,228. The firm's 50-day moving average is $162.20 and its 200 day moving average is $137.86. The company has a market capitalization of $9.64 billion, a P/E ratio of 40.89 and a beta of 1.19. Hamilton Lane Incorporated has a 1 year low of $80.09 and a 1 year high of $181.96. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The firm had revenue of $196.73 million during the quarter, compared to analyst estimates of $149.84 million. During the same period last year, the company earned $0.94 earnings per share. Equities research analysts expect that Hamilton Lane Incorporated will post 4.9 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.10%. The ex-dividend date was Monday, September 16th. Hamilton Lane's dividend payout ratio is presently 45.06%.

Hamilton Lane Company Profile

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.