Van ECK Associates Corp Acquires 11,813 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Van ECK Associates Corp grew its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 46.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,069 shares of the company’s stock after purchasing an additional 11,813 shares during the quarter. Van ECK Associates Corp owned approximately 0.07% of Hamilton Lane worth $5,488,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. State Street Corp raised its stake in Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after buying an additional 489,557 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after acquiring an additional 413,015 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Hamilton Lane during the 4th quarter worth $30,350,000. Barclays PLC boosted its position in Hamilton Lane by 84.5% during the third quarter. Barclays PLC now owns 246,383 shares of the company’s stock valued at $41,488,000 after purchasing an additional 112,866 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after purchasing an additional 97,924 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

HLNE has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. UBS Group raised their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. JPMorgan Chase & Co. increased their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Hamilton Lane presently has an average rating of “Hold” and an average price target of $173.14.

Hamilton Lane Price Performance

HLNE stock opened at $159.27 on Wednesday. Hamilton Lane Incorporated has a 52-week low of $103.42 and a 52-week high of $203.72. The company has a quick ratio of 3.37, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 29.39 and a beta of 1.25. The business has a fifty day moving average of $155.20 and a two-hundred day moving average of $164.09.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same quarter last year, the firm posted $0.71 earnings per share. Hamilton Lane’s revenue was up 34.3% compared to the same quarter last year. As a group, research analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

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.