Teachers Retirement System of The State of Kentucky Grows Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Teachers Retirement System of The State of Kentucky lifted its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 41.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,914 shares of the company's stock after buying an additional 6,178 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Hamilton Lane were worth $3,522,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HLNE. Quarry LP lifted its holdings in Hamilton Lane by 316.2% during the 2nd quarter. Quarry LP now owns 308 shares of the company's stock valued at $38,000 after buying an additional 234 shares in the last quarter. Signaturefd LLC increased its position in shares of Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company's stock worth $78,000 after acquiring an additional 73 shares during the period. CWM LLC increased its position in shares of Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after acquiring an additional 100 shares during the period. Fifth Third Bancorp raised its stake in shares of Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company's stock valued at $86,000 after acquiring an additional 358 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Hamilton Lane by 32.4% in the third quarter. GAMMA Investing LLC now owns 637 shares of the company's stock valued at $107,000 after purchasing an additional 156 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Down 1.2 %

HLNE traded down $1.99 on Friday, hitting $169.24. The company had a trading volume of 510,141 shares, compared to its average volume of 320,171. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 36.71 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The stock has a fifty day moving average price of $184.59 and a 200-day moving average price of $155.35. Hamilton Lane Incorporated has a 12-month low of $103.42 and a 12-month high of $203.72.

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

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane's payout ratio is presently 42.52%.

Wall Street Analysts Forecast Growth

HLNE has been the topic of several research reports. Morgan Stanley raised 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. Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $181.00 to $215.00 and gave the company a "market perform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, UBS Group boosted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $184.33.

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.