Allspring Global Investments Holdings LLC Purchases 19,721 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Allspring Global Investments Holdings LLC raised its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 34.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,656 shares of the company’s stock after acquiring an additional 19,721 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.14% of Hamilton Lane worth $11,349,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. CWM LLC boosted its position in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC bought a new position in Hamilton Lane in the third quarter worth approximately $111,000. Harvest Fund Management Co. Ltd bought a new position in Hamilton Lane in the third quarter worth approximately $127,000. KBC Group NV lifted its holdings in shares of Hamilton Lane by 18.0% in the 3rd quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $192,000 after purchasing an additional 174 shares in the last quarter. Finally, Associated Banc Corp bought a new position in shares of Hamilton Lane in the 3rd quarter worth $212,000. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on HLNE. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. UBS Group raised their target price on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their target price on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a report on Monday, January 6th. Finally, Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Hamilton Lane presently has an average rating of “Hold” and an average price target of $173.14.

Hamilton Lane Stock Performance

Shares of HLNE opened at $156.19 on Tuesday. Hamilton Lane Incorporated has a 1 year low of $103.42 and a 1 year high of $203.72. The stock’s fifty day moving average price is $155.50 and its two-hundred day moving average price is $163.91. The firm has a market cap of $8.66 billion, a PE ratio of 28.82 and a beta of 1.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. During the same period in the previous year, the business posted $0.71 EPS. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year. On average, equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.25%. Hamilton Lane’s payout ratio is 36.16%.

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.