Teachers Retirement System of The State of Kentucky Has $3.52 Million Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Teachers Retirement System of The State of Kentucky grew its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 41.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,914 shares of the company’s stock after buying an additional 6,178 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Hamilton Lane were worth $3,522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP raised its position in Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 234 shares during the last quarter. CWM LLC raised its holdings in shares of Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC lifted its position in shares of Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after purchasing an additional 73 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after purchasing an additional 156 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new stake in Hamilton Lane in the 3rd quarter worth about $111,000. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Trading Down 1.2 %

Shares of Hamilton Lane stock opened at $169.24 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The stock has a market capitalization of $9.38 billion, a P/E ratio of 36.71 and a beta of 1.19. Hamilton Lane Incorporated has a 52-week low of $103.42 and a 52-week high of $203.72. The stock’s 50-day simple moving average is $184.59 and its 200 day simple moving average is $155.35.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. As a group, research analysts anticipate that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s payout ratio is currently 42.52%.

Analyst Ratings Changes

Several research firms have commented on HLNE. UBS Group lifted their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley boosted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $184.33.

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.