Oddo BHF Asset Management Sas Invests $2.40 Million in Hamilton Lane Incorporated (NASDAQ:HLNE)

Oddo BHF Asset Management Sas purchased a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 14,232 shares of the company's stock, valued at approximately $2,397,000.

A number of other hedge funds have also recently modified their holdings of HLNE. Quarry LP raised its holdings in shares of Hamilton Lane by 316.2% during the second quarter. Quarry LP now owns 308 shares of the company's stock valued at $38,000 after acquiring an additional 234 shares in the last quarter. Signaturefd LLC raised its holdings in Hamilton Lane by 13.1% in the 2nd 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. CWM LLC lifted its position in shares of 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 during the period. Fifth Third Bancorp lifted its position in shares of Hamilton Lane by 106.5% in the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company's stock worth $86,000 after purchasing an additional 358 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Hamilton Lane by 32.4% during the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company's stock valued at $107,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

HLNE has been the subject of several research analyst reports. 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. JPMorgan Chase & Co. raised their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. Morgan Stanley increased their price objective on Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $181.00 to $215.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $184.33.

Hamilton Lane Stock Down 1.2 %

HLNE stock traded down $1.99 on Friday, reaching $169.24. 510,141 shares of the company traded hands, compared to its average volume of 320,171. The firm has a fifty day simple moving average of $184.59 and a 200-day simple moving average of $155.18. The company has a market cap of $9.38 billion, a P/E ratio of 36.71 and a beta of 1.19. Hamilton Lane Incorporated has a one year low of $103.42 and a one year high of $203.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly 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. The firm had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The company's revenue was up 18.2% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. Research analysts anticipate that Hamilton Lane Incorporated will post 4.87 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.16%. Hamilton Lane's dividend payout ratio (DPR) is presently 42.52%.

Hamilton Lane 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.