Nomura Asset Management Co. Ltd. Has $510,000 Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Nomura Asset Management Co. Ltd. boosted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 567.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,444 shares of the company's stock after purchasing an additional 2,928 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Hamilton Lane were worth $510,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in Hamilton Lane by 102.5% in the third quarter. The Manufacturers Life Insurance Company now owns 47,119 shares of the company's stock valued at $7,934,000 after acquiring an additional 23,854 shares during the last quarter. FMR LLC lifted its stake in Hamilton Lane by 239.9% in the 3rd quarter. FMR LLC now owns 5,557 shares of the company's stock valued at $936,000 after purchasing an additional 3,922 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Hamilton Lane by 4.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,680 shares of the company's stock worth $1,462,000 after purchasing an additional 340 shares during the period. HighTower Advisors LLC bought a new position in Hamilton Lane during the third quarter worth about $291,000. Finally, Janus Henderson Group PLC increased its position in Hamilton Lane by 30.2% during the third quarter. Janus Henderson Group PLC now owns 49,293 shares of the company's stock worth $8,300,000 after buying an additional 11,445 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

A number of research firms have recently issued reports on HLNE. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company cut their price target on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a report on Tuesday. The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective on the stock. in a research report on Monday, January 6th. Finally, Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $170.00.

Hamilton Lane Stock Performance

Shares of HLNE stock traded down $7.47 on Tuesday, hitting $126.65. The company's stock had a trading volume of 791,681 shares, compared to its average volume of 406,774. Hamilton Lane Incorporated has a fifty-two week low of $108.34 and a fifty-two week high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The stock's 50 day moving average is $151.06 and its 200-day moving average is $164.10. The company has a market capitalization of $7.02 billion, a PE ratio of 23.37 and a beta of 1.32.

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

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.55%. 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.