Envestnet Asset Management Inc. Grows Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Envestnet Asset Management Inc. raised its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,132 shares of the company’s stock after buying an additional 3,456 shares during the period. Envestnet Asset Management Inc. owned about 0.38% of Hamilton Lane worth $25,474,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. TD Asset Management Inc raised its stake in Hamilton Lane by 249.5% in the fourth quarter. TD Asset Management Inc now owns 1,143,179 shares of the company’s stock worth $129,682,000 after buying an additional 816,102 shares in the last quarter. Epoch Investment Partners Inc. increased its position in shares of Hamilton Lane by 108.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 799,351 shares of the company’s stock worth $90,678,000 after purchasing an additional 416,103 shares in the last quarter. Norges Bank acquired a new position in shares of Hamilton Lane during the fourth quarter worth $43,195,000. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 283,190 shares in the last quarter. Finally, Geneva Capital Management LLC purchased a new stake in shares of Hamilton Lane during the first quarter valued at $22,395,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $163.25 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. The stock 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 50 day moving average price of $145.22 and a 200 day moving average price of $126.60. Hamilton Lane Incorporated has a fifty-two week low of $78.66 and a fifty-two week high of $164.45.

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

Hamilton Lane Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. 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. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Finally, UBS Group increased their price objective on shares of Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $142.20.

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.