Bridges Investment Management Inc. bought a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,298 shares of the company’s stock, valued at approximately $408,000.
Several other institutional investors and hedge funds also recently bought and sold shares of HLNE. XTX Topco Ltd acquired a new stake in shares of Hamilton Lane during the 2nd quarter worth approximately $231,000. Argent Trust Co purchased a new position in Hamilton Lane in the second quarter worth approximately $216,000. Renaissance Technologies LLC increased its stake in Hamilton Lane by 52.1% during the second quarter. Renaissance Technologies LLC now owns 54,331 shares of the company’s stock worth $6,714,000 after acquiring an additional 18,600 shares during the last quarter. Quantbot Technologies LP raised its position in Hamilton Lane by 133.3% in the second quarter. Quantbot Technologies LP now owns 24,858 shares of the company’s stock valued at $3,072,000 after purchasing an additional 14,203 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Hamilton Lane by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company’s stock valued at $72,943,000 after purchasing an additional 37,680 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.
Hamilton Lane Stock Performance
NASDAQ HLNE opened at $163.25 on Friday. The company has a market cap of $8.82 billion, a P/E ratio of 44.24 and a beta of 1.18. Hamilton Lane Incorporated has a 1-year low of $78.66 and a 1-year high of $164.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. The stock has a 50-day moving average of $145.22 and a two-hundred day moving average of $126.60.
Hamilton Lane Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be paid a dividend of $0.49 per share. The ex-dividend date is Monday, September 16th. This represents a $1.96 annualized dividend and a yield of 1.20%. Hamilton Lane’s payout ratio is 53.12%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on HLNE shares. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Wells Fargo & Company initiated coverage on shares of Hamilton Lane in a report on Thursday, September 12th. They issued an “equal weight” rating and a $156.00 price objective on the stock. Finally, UBS Group increased their price objective on shares of Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane currently has an average rating of “Hold” and a consensus price target of $142.20.
Check Out Our Latest Stock Report on Hamilton Lane
Hamilton Lane Company 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.
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