Victory Capital Management Inc. Buys 6,313 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Victory Capital Management Inc. raised its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 59.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,980 shares of the company's stock after purchasing an additional 6,313 shares during the period. Victory Capital Management Inc.'s holdings in Hamilton Lane were worth $2,514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Wellington Management Group LLP raised its position in shares of Hamilton Lane by 31.1% in the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock valued at $293,509,000 after buying an additional 413,015 shares during the last quarter. State Street Corp increased its position in Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company's stock worth $236,516,000 after purchasing an additional 489,557 shares during the last quarter. Geode Capital Management LLC increased its position in Hamilton Lane by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company's stock worth $186,111,000 after purchasing an additional 25,657 shares during the last quarter. Principal Financial Group Inc. increased its position in Hamilton Lane by 20.2% during the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock worth $98,297,000 after purchasing an additional 97,924 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Hamilton Lane by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 357,957 shares of the company's stock worth $52,996,000 after purchasing an additional 9,551 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

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Hamilton Lane Stock Performance

Shares of HLNE stock traded down $0.64 during trading hours on Tuesday, reaching $144.51. The stock had a trading volume of 124,104 shares, compared to its average volume of 516,921. 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 Incorporated has a twelve month low of $105.16 and a twelve month high of $203.72. The firm has a 50-day simple moving average of $152.86 and a 200-day simple moving average of $164.98. The firm has a market capitalization of $8.01 billion, a PE ratio of 26.66 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $158.86 million. During the same period in the previous year, the firm earned $0.71 earnings per share. Hamilton Lane's quarterly revenue was up 34.3% on a year-over-year basis. As a group, equities analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.49 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.36%. Hamilton Lane's dividend payout ratio is currently 36.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HLNE. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company upped their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a research note 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Hamilton Lane presently has an average rating of "Hold" and a consensus price target of $173.14.

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.