Natixis Advisors LLC Has $1.62 Million Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Natixis Advisors LLC boosted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 19.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,129 shares of the company’s stock after purchasing an additional 2,149 shares during the period. Natixis Advisors LLC’s holdings in Hamilton Lane were worth $1,622,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new position in Hamilton Lane during the second quarter worth about $222,000. Van ECK Associates Corp bought a new position in Hamilton Lane in the 2nd quarter valued at approximately $2,229,000. Signaturefd LLC grew its position 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 last quarter. Principal Financial Group Inc. raised its holdings in Hamilton Lane by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 485,797 shares of the company’s stock valued at $60,037,000 after buying an additional 1,544 shares during the last quarter. Finally, F M Investments LLC bought a new stake in shares of Hamilton Lane in the second quarter worth $413,000. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective 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. UBS Group increased their target price on shares of Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upped their price objective on Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $133.20.

Hamilton Lane Stock Down 2.2 %

HLNE opened at $148.57 on Wednesday. The company has a market cap of $8.05 billion, a PE ratio of 40.26 and a beta of 1.18. The company has a 50 day moving average of $140.99 and a 200 day moving average of $124.35. Hamilton Lane Incorporated has a 12 month low of $78.66 and a 12 month high of $161.19. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data 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 company had revenue of $196.73 million during the quarter, compared to analyst estimates of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same quarter last year, the company earned $0.94 earnings per share. On average, sell-side analysts expect that Hamilton Lane Incorporated will post 4.88 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be paid a $0.49 dividend. 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 1.32%. Hamilton Lane’s dividend payout ratio (DPR) is 53.12%.

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.