Victory Capital Management Inc. Boosts Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Victory Capital Management Inc. lifted its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 15.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,667 shares of the company’s stock after buying an additional 1,451 shares during the quarter. Victory Capital Management Inc.’s holdings in Hamilton Lane were worth $1,796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Hamilton Lane by 8.3% in the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after buying an additional 283,190 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Hamilton Lane by 7.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,565 shares of the company’s stock worth $402,000 after buying an additional 261 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Hamilton Lane in the 1st quarter worth approximately $252,000. Price T Rowe Associates Inc. MD grew its position in shares of Hamilton Lane by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 394,806 shares of the company’s stock valued at $44,519,000 after purchasing an additional 51,452 shares during the period. Finally, Silvercrest Asset Management Group LLC grew its holdings in Hamilton Lane by 0.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 95,490 shares of the company’s stock valued at $10,767,000 after buying an additional 424 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upped their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price target 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. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $180.33.

Hamilton Lane Price Performance

Shares of HLNE opened at $199.55 on Monday. The stock has a 50 day moving average of $178.38 and a 200-day moving average of $148.65. Hamilton Lane Incorporated has a 52 week low of $93.60 and a 52 week high of $203.72. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 43.29 and a beta of 1.18. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. As a group, analysts forecast that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is presently 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.