Intech Investment Management LLC Takes Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Intech Investment Management LLC acquired a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the 3rd quarter, Holdings Channel reports. The firm acquired 9,993 shares of the company’s stock, valued at approximately $1,683,000.

Several other large investors have also made changes to their positions in the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Hamilton Lane in the third quarter valued at about $4,327,000. Pathstone Holdings LLC lifted its position in shares of Hamilton Lane by 0.4% in the third quarter. Pathstone Holdings LLC now owns 24,227 shares of the company’s stock worth $4,080,000 after buying an additional 108 shares in the last quarter. Islay Capital Management LLC lifted its position in shares of Hamilton Lane by 2.2% in the third quarter. Islay Capital Management LLC now owns 4,757 shares of the company’s stock worth $801,000 after buying an additional 103 shares in the last quarter. Mutual of America Capital Management LLC purchased a new stake in shares of Hamilton Lane in the third quarter worth about $3,688,000. Finally, Royce & Associates LP purchased a new stake in shares of Hamilton Lane in the third quarter worth about $538,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HLNE. Keefe, Bruyette & Woods boosted their target price 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. JPMorgan Chase & Co. boosted their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their target price on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group boosted their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley upped their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $180.33.

Hamilton Lane Trading Up 1.0 %

Shares of HLNE stock opened at $201.57 on Tuesday. Hamilton Lane Incorporated has a 1 year low of $93.98 and a 1 year high of $203.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The stock’s 50 day simple moving average is $178.38 and its two-hundred day simple moving average is $148.65. The company has a market cap of $11.17 billion, a PE ratio of 43.72 and a beta of 1.18.

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

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.97%. Hamilton Lane’s dividend payout ratio is 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.