Franklin Resources Inc. Buys 15,554 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Franklin Resources Inc. boosted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,836 shares of the company’s stock after acquiring an additional 15,554 shares during the period. Franklin Resources Inc. owned 0.33% of Hamilton Lane worth $32,746,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the last quarter. CWM LLC boosted its position in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after acquiring an additional 100 shares during the last quarter. Signaturefd LLC grew its holdings in Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after acquiring an additional 73 shares during the period. GAMMA Investing LLC raised its position in shares of Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after acquiring an additional 156 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Hamilton Lane in the 3rd quarter valued at about $111,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HLNE shares. JPMorgan Chase & Co. raised their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. UBS Group raised their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Morgan Stanley raised their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group lifted their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane has an average rating of “Hold” and an average target price of $184.33.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $152.51 on Thursday. The company has a market cap of $8.45 billion, a P/E ratio of 33.08 and a beta of 1.19. The company has a fifty day simple moving average of $183.86 and a 200 day simple moving average of $156.12. 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 Incorporated has a 12-month low of $103.42 and a 12-month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. Sell-side analysts predict that Hamilton Lane Incorporated will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio is currently 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.