Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Purchased by Creative Planning

Creative Planning boosted its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,601 shares of the company’s stock after acquiring an additional 3,829 shares during the quarter. Creative Planning owned about 0.12% of Hamilton Lane worth $11,215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake 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 acquiring an additional 283,190 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in shares of Hamilton Lane by 2.0% during the second quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company’s stock worth $110,334,000 after buying an additional 17,272 shares during the period. Fred Alger Management LLC boosted its position in shares of Hamilton Lane by 10.5% during the second quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock worth $84,964,000 after buying an additional 65,151 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Hamilton Lane by 6.8% during the second quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company’s stock worth $72,943,000 after buying an additional 37,680 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Hamilton Lane by 30.3% during the second quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock worth $71,772,000 after buying an additional 135,040 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Trading Down 0.8 %

NASDAQ:HLNE opened at $177.78 on Wednesday. Hamilton Lane Incorporated has a 12-month low of $78.66 and a 12-month high of $181.96. 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 $9.60 billion, a PE ratio of 48.18 and a beta of 1.19. The stock has a fifty day moving average price of $160.07 and a 200 day moving average price of $136.57.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The company had revenue of $196.73 million for the quarter, compared to analysts’ expectations of $149.84 million. During the same period last year, the firm earned $0.94 earnings per share. Sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Monday, September 16th. Hamilton Lane’s dividend payout ratio is presently 53.12%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley raised their price target on Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target 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. Wells Fargo & Company raised their price target on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their target price on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Finally, UBS Group lifted their target price on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $160.50.

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.