New York State Teachers Retirement System Takes Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

New York State Teachers Retirement System acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,000 shares of the company’s stock, valued at approximately $1,010,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in shares of Hamilton Lane by 25.6% during the first quarter. BNP Paribas Financial Markets now owns 27,218 shares of the company’s stock worth $3,069,000 after purchasing an additional 5,549 shares during the period. Janney Montgomery Scott LLC increased its stake in Hamilton Lane by 14.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,522 shares of the company’s stock worth $510,000 after purchasing an additional 571 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Hamilton Lane during the 1st quarter worth approximately $134,000. Quantbot Technologies LP bought a new position in Hamilton Lane in the first quarter valued at approximately $1,201,000. Finally, SG Americas Securities LLC bought a new position in Hamilton Lane in the first quarter valued at approximately $538,000. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HLNE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley lifted their price target on Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday. UBS Group increased their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hamilton Lane has an average rating of “Hold” and a consensus target price of $179.00.

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $194.47 on Friday. Hamilton Lane Incorporated has a 52-week low of $89.28 and a 52-week high of $196.60. The company has a market cap of $10.54 billion, a P/E ratio of 42.18 and a beta of 1.18. 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’s 50-day simple moving average is $169.23 and its 200 day simple moving average is $142.78.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a return on equity of 37.20% and a net margin of 28.03%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 EPS. As a group, sell-side analysts forecast that Hamilton Lane Incorporated will post 4.9 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.52%.

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.