American Century Companies Inc. Has $81.65 Million Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

American Century Companies Inc. increased its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 551,466 shares of the company’s stock after acquiring an additional 39,342 shares during the quarter. American Century Companies Inc.’s holdings in Hamilton Lane were worth $81,645,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HLNE. FMR LLC raised its holdings in Hamilton Lane by 239.9% during the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock worth $936,000 after purchasing an additional 3,922 shares during the last quarter. Retirement Systems of Alabama bought a new position in Hamilton Lane during the third quarter worth $8,291,000. Teachers Retirement System of The State of Kentucky lifted its holdings in Hamilton Lane by 41.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock valued at $3,522,000 after buying an additional 6,178 shares during the period. BNP Paribas Financial Markets boosted its position in Hamilton Lane by 8.8% during the third quarter. BNP Paribas Financial Markets now owns 40,050 shares of the company’s stock valued at $6,744,000 after acquiring an additional 3,223 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Hamilton Lane by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after acquiring an additional 25,657 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HLNE shares. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price objective on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. Finally, The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $170.71.

Hamilton Lane Stock Up 3.5 %

Shares of NASDAQ:HLNE opened at $155.89 on Tuesday. The business’s 50 day moving average is $153.46 and its 200 day moving average is $164.98. Hamilton Lane Incorporated has a 12-month low of $107.22 and a 12-month high of $203.72. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 28.76 and a beta of 1.28. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. On average, sell-side analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.49 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.26%. Hamilton Lane’s dividend payout ratio (DPR) is 36.16%.

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.