17,306 Shares in Hamilton Lane Incorporated (NASDAQ:HLNE) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,306 shares of the company’s stock, valued at approximately $2,562,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp increased its position in Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after acquiring an additional 489,557 shares during the period. Wellington Management Group LLP increased its position in Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after acquiring an additional 413,015 shares during the period. Artemis Investment Management LLP acquired a new position in Hamilton Lane in the 4th quarter valued at approximately $30,350,000. Raymond James Financial Inc. acquired a new position in Hamilton Lane in the 4th quarter valued at approximately $24,081,000. Finally, Barclays PLC increased its position in Hamilton Lane by 84.5% in the 3rd quarter. Barclays PLC now owns 246,383 shares of the company’s stock valued at $41,488,000 after acquiring an additional 112,866 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HLNE. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research report on Tuesday, January 21st. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a research report on Monday, January 6th. Wells Fargo & Company decreased their price target on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hamilton Lane has an average rating of “Hold” and a consensus price target of $170.71.

Hamilton Lane Stock Up 1.0 %

Shares of NASDAQ HLNE opened at $150.64 on Friday. The firm has a market cap of $8.35 billion, a PE ratio of 27.79 and a beta of 1.28. Hamilton Lane Incorporated has a 12-month low of $107.22 and a 12-month high of $203.72. The company’s fifty day simple moving average is $153.10 and its 200 day simple moving average is $164.81. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. Hamilton Lane’s revenue was up 34.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. As a group, sell-side analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio is presently 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.