Wellington Management Group LLP Purchases 413,015 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Wellington Management Group LLP lifted its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 31.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,743,033 shares of the company's stock after purchasing an additional 413,015 shares during the quarter. Wellington Management Group LLP owned 3.22% of Hamilton Lane worth $293,509,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HLNE. State Street Corp increased its holdings in shares of 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 buying an additional 489,557 shares in the last quarter. American Century Companies Inc. increased its holdings in Hamilton Lane by 30.3% during the 2nd quarter. American Century Companies Inc. now owns 580,768 shares of the company's stock valued at $71,772,000 after purchasing an additional 135,040 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock valued at $98,297,000 after purchasing an additional 97,924 shares in the last quarter. Fred Alger Management LLC raised its position in Hamilton Lane by 10.5% in the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company's stock valued at $84,964,000 after purchasing an additional 65,151 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its stake in Hamilton Lane by 32.8% in the third quarter. Geneva Capital Management LLC now owns 258,739 shares of the company's stock worth $43,569,000 after purchasing an additional 63,866 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HLNE shares. Wells Fargo & Company lifted their price target on Hamilton Lane from $156.00 to $170.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. UBS Group boosted their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Morgan Stanley increased their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. The Goldman Sachs Group raised their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane currently has a consensus rating of "Hold" and an average target price of $180.33.

Hamilton Lane Trading Down 2.2 %

Shares of Hamilton Lane stock traded down $3.99 during trading on Friday, reaching $181.48. 433,794 shares of the company were exchanged, compared to its average volume of 269,471. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 39.37 and a beta of 1.19. Hamilton Lane Incorporated has a twelve month low of $101.20 and a twelve month high of $203.72. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $184.26 and a 200-day moving average price of $153.69.

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

Hamilton Lane Announces Dividend

The business 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 $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Monday, December 16th. 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.