Capital World Investors Makes New $9.72 Million Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Capital World Investors purchased a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 86,234 shares of the company’s stock, valued at approximately $9,724,000. Capital World Investors owned 0.16% of Hamilton Lane at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HLNE. Vanguard Group Inc. lifted its holdings in shares of Hamilton Lane by 0.9% in the third quarter. Vanguard Group Inc. now owns 3,185,272 shares of the company’s stock valued at $288,076,000 after purchasing an additional 29,711 shares in the last quarter. Colonial River Wealth Management LLC acquired a new position in shares of Hamilton Lane in the fourth quarter worth $319,000. Arizona State Retirement System raised its holdings in shares of Hamilton Lane by 4.0% during the fourth quarter. Arizona State Retirement System now owns 9,709 shares of the company’s stock worth $1,101,000 after acquiring an additional 370 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Hamilton Lane during the fourth quarter valued at $142,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hamilton Lane by 5.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,831 shares of the company’s stock valued at $888,000 after purchasing an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HLNE. Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $118.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, May 24th. JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Finally, UBS Group boosted their target price on shares of Hamilton Lane from $120.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, June 24th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and a consensus price target of $114.29.

Hamilton Lane Trading Up 1.6 %

NASDAQ:HLNE opened at $144.11 on Friday. The company’s 50 day moving average is $126.44 and its 200-day moving average is $118.06. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.29. Hamilton Lane Incorporated has a 12 month low of $78.66 and a 12 month high of $146.28. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 39.05 and a beta of 1.17.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Thursday, May 23rd. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.00 by $0.38. The firm had revenue of $176.67 million for the quarter, compared to the consensus estimate of $134.72 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. Equities analysts anticipate that Hamilton Lane Incorporated will post 4.52 EPS for the current year.

Hamilton Lane Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, June 14th. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.45. Hamilton Lane’s payout ratio is currently 53.12%.

Hamilton Lane Company 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.