Bridges Investment Management Inc. Acquires New Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Bridges Investment Management Inc. bought a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,298 shares of the company’s stock, valued at approximately $408,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HLNE. XTX Topco Ltd acquired a new stake in shares of Hamilton Lane during the 2nd quarter worth approximately $231,000. Argent Trust Co purchased a new position in Hamilton Lane in the second quarter worth approximately $216,000. Renaissance Technologies LLC increased its stake in Hamilton Lane by 52.1% during the second quarter. Renaissance Technologies LLC now owns 54,331 shares of the company’s stock worth $6,714,000 after acquiring an additional 18,600 shares during the last quarter. Quantbot Technologies LP raised its position in Hamilton Lane by 133.3% in the second quarter. Quantbot Technologies LP now owns 24,858 shares of the company’s stock valued at $3,072,000 after purchasing an additional 14,203 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Hamilton Lane by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company’s stock valued at $72,943,000 after purchasing an additional 37,680 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $163.25 on Friday. The company has a market cap of $8.82 billion, a P/E ratio of 44.24 and a beta of 1.18. Hamilton Lane Incorporated has a 1-year low of $78.66 and a 1-year high of $164.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. The stock has a 50-day moving average of $145.22 and a two-hundred day moving average of $126.60.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.41. The firm had revenue of $196.73 million for the quarter, compared to the consensus estimate of $149.84 million. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. During the same period in the prior year, the firm earned $0.94 EPS. As a group, analysts anticipate that Hamilton Lane Incorporated will post 4.88 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be paid a dividend of $0.49 per share. The ex-dividend date is Monday, September 16th. This represents a $1.96 annualized dividend and a yield of 1.20%. Hamilton Lane’s payout ratio is 53.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HLNE shares. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Wells Fargo & Company initiated coverage on shares of Hamilton Lane in a report on Thursday, September 12th. They issued an “equal weight” rating and a $156.00 price objective on the stock. Finally, UBS Group increased their price objective on shares of Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane currently has an average rating of “Hold” and a consensus price target of $142.20.

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.