Massachusetts Financial Services Co. MA Purchases 8,168 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Massachusetts Financial Services Co. MA raised its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 317,445 shares of the company’s stock after acquiring an additional 8,168 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.59% of Hamilton Lane worth $39,230,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HLNE. Signaturefd LLC boosted its stake in Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after purchasing an additional 73 shares during the period. EFG Asset Management North America Corp. grew its stake in shares of Hamilton Lane by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock worth $2,125,000 after acquiring an additional 81 shares during the last quarter. Personal CFO Solutions LLC increased its position in Hamilton Lane by 4.9% during the fourth quarter. Personal CFO Solutions LLC now owns 4,220 shares of the company’s stock worth $479,000 after acquiring an additional 196 shares during the period. Rhumbline Advisers raised its stake in Hamilton Lane by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 55,451 shares of the company’s stock valued at $6,853,000 after purchasing an additional 208 shares during the last quarter. Finally, Principal Securities Inc. bought a new stake in Hamilton Lane in the 4th quarter valued at $26,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

Hamilton Lane stock opened at $161.25 on Friday. The firm has a market capitalization of $8.71 billion, a P/E ratio of 43.70 and a beta of 1.18. The stock has a fifty day moving average price of $144.17 and a two-hundred day moving average price of $125.87. Hamilton Lane Incorporated has a 52-week low of $78.66 and a 52-week high of $163.30. 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 (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.41. The firm had revenue of $196.73 million during the quarter, compared to the consensus estimate of $149.84 million. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. During the same period last year, the firm posted $0.94 EPS. As a group, analysts anticipate 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. Stockholders of record on Monday, September 16th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.22%. Hamilton Lane’s dividend payout ratio is 53.12%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HLNE shares. UBS Group upped 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. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company began coverage on shares of Hamilton Lane in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $156.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $142.20.

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.