Principal Financial Group Inc. Boosts Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Principal Financial Group Inc. raised its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 20.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 583,721 shares of the company's stock after purchasing an additional 97,924 shares during the quarter. Principal Financial Group Inc. owned 1.05% of Hamilton Lane worth $98,297,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HLNE. Signaturefd LLC boosted its stake in Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company's stock valued at $78,000 after purchasing an additional 73 shares during the last quarter. EFG Asset Management North America Corp. raised its holdings in shares of Hamilton Lane by 0.5% in 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 during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Hamilton Lane by 0.6% in the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company's stock valued at $2,509,000 after purchasing an additional 93 shares during the last quarter. CWM LLC boosted its holdings in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after purchasing an additional 100 shares during the last quarter. Finally, Islay Capital Management LLC increased its stake in Hamilton Lane by 2.2% in the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company's stock valued at $801,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Stock Down 0.5 %

HLNE opened at $150.68 on Friday. Hamilton Lane Incorporated has a 12 month low of $103.42 and a 12 month high of $203.72. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $183.43 and a 200 day moving average of $156.09. The company has a market cap of $8.35 billion, a PE ratio of 32.69 and a beta of 1.19.

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

Hamilton Lane Announces Dividend

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 is Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.30%. Hamilton Lane's dividend payout ratio (DPR) is presently 42.52%.

Analyst Ratings Changes

HLNE has been the subject of several research analyst reports. The Goldman Sachs Group raised their target price on Hamilton Lane from $139.00 to $147.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. Keefe, Bruyette & Woods lowered their price objective on shares of Hamilton Lane from $215.00 to $167.00 and set a "market perform" rating on the stock in a research report on Friday. Wells Fargo & Company raised their price target on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. UBS Group upped their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $176.33.

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.