AQR Capital Management LLC Grows Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

AQR Capital Management LLC lifted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,979 shares of the company’s stock after purchasing an additional 322 shares during the period. AQR Capital Management LLC’s holdings in Hamilton Lane were worth $1,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Hamilton Lane during the fourth quarter worth about $703,000. Vanguard Group Inc. boosted its position in shares of Hamilton Lane by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 3,395,427 shares of the company’s stock worth $385,177,000 after acquiring an additional 210,155 shares during the last quarter. Park Avenue Securities LLC grew its position in Hamilton Lane by 12.2% during the first quarter. Park Avenue Securities LLC now owns 2,733 shares of the company’s stock valued at $308,000 after acquiring an additional 298 shares during the period. AlphaMark Advisors LLC acquired a new stake in Hamilton Lane during the 1st quarter worth approximately $303,000. Finally, Argent Capital Management LLC raised its position in Hamilton Lane by 27.1% in the first quarter. Argent Capital Management LLC now owns 5,279 shares of the company’s stock valued at $595,000 after purchasing an additional 1,124 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group raised their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley boosted their price target on shares of Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, UBS Group increased their price target 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. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane has a consensus rating of “Hold” and an average target price of $154.67.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $174.74 on Friday. The company has a fifty day moving average price of $153.87 and a 200 day moving average price of $132.97. Hamilton Lane Incorporated has a 1-year low of $78.66 and a 1-year high of $177.62. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27. The firm has a market cap of $9.47 billion, a PE ratio of 40.17 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41. The company had revenue of $196.73 million for the quarter, compared to analyst estimates 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 last year, the company earned $0.94 earnings per share. Research analysts predict that Hamilton Lane Incorporated will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were given a $0.49 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.12%. Hamilton Lane’s dividend payout ratio (DPR) is presently 45.06%.

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.