BNP Paribas Financial Markets Acquires 3,223 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

BNP Paribas Financial Markets boosted its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,050 shares of the company’s stock after purchasing an additional 3,223 shares during the period. BNP Paribas Financial Markets’ holdings in Hamilton Lane were worth $6,744,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its position in Hamilton Lane by 239.9% during the third quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after buying an additional 3,922 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Hamilton Lane by 102.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 47,119 shares of the company’s stock worth $7,934,000 after purchasing an additional 23,854 shares during the last quarter. Associated Banc Corp bought a new stake in shares of Hamilton Lane in the 3rd quarter worth approximately $212,000. Harvest Fund Management Co. Ltd purchased a new position in Hamilton Lane in the third quarter valued at approximately $127,000. Finally, Icon Wealth Advisors LLC bought a new position in Hamilton Lane during the third quarter valued at $819,000. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HLNE shares. The Goldman Sachs Group upped their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their price target 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, November 11th. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, UBS Group boosted their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $180.33.

Hamilton Lane Stock Down 0.2 %

Shares of NASDAQ:HLNE opened at $191.92 on Tuesday. The firm has a fifty day moving average price of $182.05 and a two-hundred day moving average price of $151.46. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 41.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. Hamilton Lane Incorporated has a one year low of $97.94 and a one year high of $203.72.

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

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) 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.