AQR Capital Management LLC Purchases 322 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

AQR Capital Management LLC raised its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,979 shares of the company’s stock after acquiring an additional 322 shares during the period. AQR Capital Management LLC’s holdings in Hamilton Lane were worth $1,110,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Hamilton Lane during the 4th quarter worth approximately $703,000. Vanguard Group Inc. raised its stake in Hamilton Lane by 6.6% during the 4th quarter. Vanguard Group Inc. now owns 3,395,427 shares of the company’s stock worth $385,177,000 after acquiring an additional 210,155 shares during the period. Park Avenue Securities LLC boosted its stake in Hamilton Lane by 12.2% in the 1st quarter. Park Avenue Securities LLC now owns 2,733 shares of the company’s stock worth $308,000 after purchasing an additional 298 shares during the period. AlphaMark Advisors LLC purchased a new position in Hamilton Lane during the 1st quarter valued at approximately $303,000. Finally, Argent Capital Management LLC grew its position in Hamilton Lane by 27.1% in the first quarter. Argent Capital Management LLC now owns 5,279 shares of the company’s stock worth $595,000 after acquiring an additional 1,124 shares in 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 recently weighed in on HLNE. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group upped their target price on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Wells Fargo & Company raised their target price on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday. UBS Group boosted their target price on Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Finally, Morgan Stanley lifted their target price on shares of Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $154.67.

Hamilton Lane Trading Up 1.3 %

Hamilton Lane stock opened at $174.74 on Friday. The stock has a market cap of $9.47 billion, a P/E ratio of 40.17 and a beta of 1.19. Hamilton Lane Incorporated has a 12 month low of $78.66 and a 12 month high of $177.62. The company’s fifty day simple moving average is $153.87 and its 200-day simple moving average is $132.97. The company has a quick ratio of 2.72, a current 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, topping the consensus estimate of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The firm had revenue of $196.73 million for the quarter, compared to the consensus estimate of $149.84 million. During the same quarter in the prior year, the business earned $0.94 EPS. As a group, sell-side analysts forecast that Hamilton Lane Incorporated will post 4.88 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Monday, September 16th. Hamilton Lane’s payout ratio is presently 45.06%.

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.