American Century Companies Inc. Buys 135,040 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

American Century Companies Inc. boosted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 30.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 580,768 shares of the company’s stock after acquiring an additional 135,040 shares during the quarter. American Century Companies Inc. owned 1.08% of Hamilton Lane worth $71,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Hamilton Lane by 6.6% in the 4th 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. Orion Portfolio Solutions LLC grew its position in shares of Hamilton Lane by 60.5% in the 1st quarter. Orion Portfolio Solutions LLC now owns 15,001 shares of the company’s stock worth $1,691,000 after buying an additional 5,657 shares during the last quarter. Evoke Wealth LLC purchased a new position in shares of Hamilton Lane during the fourth quarter valued at approximately $4,720,000. Geneva Capital Management LLC bought a new position in shares of Hamilton Lane during the first quarter valued at approximately $22,395,000. Finally, Bamco Inc. NY bought a new position in shares of Hamilton Lane during the first quarter valued at approximately $3,076,000. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HLNE shares. UBS Group boosted their price objective on shares of Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Wells Fargo & Company started coverage on shares of Hamilton Lane in a research note on Thursday. They issued an “equal weight” rating and a $156.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $142.20.

Hamilton Lane Trading Up 1.9 %

Shares of NASDAQ HLNE opened at $152.87 on Friday. The stock has a market cap of $8.29 billion, a P/E ratio of 41.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. Hamilton Lane Incorporated has a 1 year low of $78.66 and a 1 year high of $161.19. The firm has a 50-day moving average of $142.41 and a 200 day moving average of $125.00.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $149.84 million. During the same quarter last year, the company earned $0.94 EPS. As a group, sell-side analysts expect that Hamilton Lane Incorporated will post 4.88 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, September 16th. Hamilton Lane’s payout ratio is 53.12%.

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.