Geneva Capital Management LLC Acquires 63,866 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Geneva Capital Management LLC raised its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 32.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258,739 shares of the company’s stock after purchasing an additional 63,866 shares during the period. Geneva Capital Management LLC owned approximately 0.48% of Hamilton Lane worth $43,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 during the period. American Century Companies Inc. grew its holdings in shares of Hamilton Lane by 30.3% during the 2nd quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock worth $71,772,000 after purchasing an additional 135,040 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Hamilton Lane in the first quarter worth $11,445,000. Principal Financial Group Inc. raised its stake in Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after purchasing an additional 97,924 shares in the last quarter. Finally, Capital World Investors bought a new stake in Hamilton Lane during the first quarter worth about $9,724,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday. The Goldman Sachs Group boosted their price objective on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Wells Fargo & Company lifted their price target on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, Hamilton Lane presently has an average rating of “Hold” and a consensus price target of $180.33.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $196.90 on Wednesday. The company has a market capitalization of $10.67 billion, a PE ratio of 42.71 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. The stock has a 50-day moving average price of $171.18 and a two-hundred day moving average price of $144.19. Hamilton Lane Incorporated has a 12 month low of $89.38 and a 12 month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. During the same period in the previous year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts expect that Hamilton Lane Incorporated will post 4.88 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.00%. 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.