T. Rowe Price Investment Management Inc. Increases Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

T. Rowe Price Investment Management Inc. increased its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 780,363 shares of the company's stock after purchasing an additional 70,976 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.41% of Hamilton Lane worth $115,533,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Hamilton Lane by 28.4% during the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock worth $577,681,000 after acquiring an additional 863,326 shares in the last quarter. Invesco Ltd. increased its stake in shares of Hamilton Lane by 25.3% in the 4th quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock valued at $284,738,000 after purchasing an additional 388,019 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Hamilton Lane by 229.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock worth $191,321,000 after buying an additional 900,283 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Hamilton Lane by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company's stock worth $170,280,000 after buying an additional 44,865 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Hamilton Lane by 10.6% in the fourth quarter. JPMorgan Chase & Co. now owns 689,902 shares of the company's stock valued at $102,140,000 after buying an additional 66,378 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HLNE shares. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Morgan Stanley dropped their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company reduced their price objective on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $165.29.

Hamilton Lane Trading Up 0.2 %

Shares of HLNE traded up $0.33 during trading hours on Friday, hitting $148.34. 367,167 shares of the stock were exchanged, compared to its average volume of 428,190. Hamilton Lane Incorporated has a fifty-two week low of $110.90 and a fifty-two week high of $203.72. The business has a 50-day moving average of $145.61 and a 200-day moving average of $161.28. The firm has a market capitalization of $8.22 billion, a P/E ratio of 27.37 and a beta of 1.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19.

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

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is 36.16%.

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.