Argent Trust Co Purchases Shares of 1,751 Hamilton Lane Incorporated (NASDAQ:HLNE)

Argent Trust Co acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,751 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Asset Management Inc raised its position in Hamilton Lane by 249.5% during the fourth quarter. TD Asset Management Inc now owns 1,143,179 shares of the company’s stock worth $129,682,000 after acquiring an additional 816,102 shares in the last quarter. Epoch Investment Partners Inc. lifted its stake in Hamilton Lane by 108.6% in the 4th quarter. Epoch Investment Partners Inc. now owns 799,351 shares of the company’s stock valued at $90,678,000 after purchasing an additional 416,103 shares during the last quarter. Norges Bank bought a new position in Hamilton Lane during the fourth quarter worth about $43,195,000. Vanguard Group Inc. increased its position in Hamilton Lane by 8.3% during the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock worth $414,801,000 after buying an additional 283,190 shares during the last quarter. Finally, Geneva Capital Management LLC bought a new stake in Hamilton Lane in the first quarter valued at approximately $22,395,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $163.25 on Friday. The firm has a 50-day moving average price of $145.22 and a two-hundred day moving average price of $126.47. Hamilton Lane Incorporated has a 12-month low of $78.66 and a 12-month high of $164.45. The company has a market capitalization of $8.82 billion, a P/E ratio of 44.24 and a beta of 1.18. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41. The business had revenue of $196.73 million for the quarter, compared to the consensus estimate of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same quarter in the prior year, the business posted $0.94 earnings per share. Analysts anticipate that Hamilton Lane Incorporated will post 4.88 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.96 annualized dividend and a yield of 1.20%. Hamilton Lane’s dividend payout ratio is 53.12%.

Analysts Set New Price Targets

HLNE has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. UBS Group lifted their target price on shares of Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Company assumed coverage on shares of Hamilton Lane in a report on Thursday, September 12th. They issued an “equal weight” rating and a $156.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $142.20.

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.