Vanguard Group Inc. Purchases 210,155 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Vanguard Group Inc. boosted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,395,427 shares of the company’s stock after acquiring an additional 210,155 shares during the period. Vanguard Group Inc. owned 6.29% of Hamilton Lane worth $385,177,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HLNE. Principal Securities Inc. purchased a new stake in Hamilton Lane during the 4th quarter valued at approximately $26,000. USA Financial Formulas purchased a new stake in Hamilton Lane during the 4th quarter valued at approximately $28,000. GAMMA Investing LLC purchased a new stake in Hamilton Lane during the 4th quarter valued at approximately $48,000. SRS Capital Advisors Inc. grew its holdings in Hamilton Lane by 345.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock valued at $58,000 after buying an additional 394 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Hamilton Lane during the 4th quarter valued at approximately $142,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HLNE shares. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $118.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, May 24th. JPMorgan Chase & Co. raised their target price on shares of Hamilton Lane from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Finally, UBS Group raised their target price on shares of Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $114.29.

Hamilton Lane Trading Up 3.0 %

HLNE stock opened at $121.31 on Friday. The firm has a market cap of $6.55 billion, a PE ratio of 32.88 and a beta of 1.21. The firm has a fifty day moving average price of $118.27 and a 200 day moving average price of $114.54. Hamilton Lane Incorporated has a fifty-two week low of $76.47 and a fifty-two week high of $130.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.02 and a current ratio of 3.02.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.38. The company had revenue of $176.67 million during the quarter, compared to the consensus estimate of $134.72 million. Hamilton Lane had a return on equity of 31.07% and a net margin of 25.43%. Sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.51 earnings per share for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.45. This represents a $1.96 dividend on an annualized basis and a yield of 1.62%. Hamilton Lane’s dividend payout ratio (DPR) is currently 53.12%.

About Hamilton Lane

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.