Bamco Inc. NY Buys New Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Bamco Inc. NY purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 27,279 shares of the company’s stock, valued at approximately $3,076,000.

Several other large investors have also recently bought and sold shares of HLNE. Vanguard Group Inc. increased its holdings in shares of Hamilton Lane by 8.3% during the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock worth $414,801,000 after purchasing an additional 283,190 shares during the period. Clearbridge Investments LLC increased its stake in Hamilton Lane by 14.6% in the fourth quarter. Clearbridge Investments LLC now owns 1,413,804 shares of the company’s stock valued at $160,382,000 after acquiring an additional 179,873 shares during the last quarter. TD Asset Management Inc increased its stake in Hamilton Lane by 249.5% in the fourth quarter. TD Asset Management Inc now owns 1,143,179 shares of the company’s stock valued at $129,682,000 after acquiring an additional 816,102 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in Hamilton Lane by 108.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 799,351 shares of the company’s stock valued at $90,678,000 after acquiring an additional 416,103 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Hamilton Lane by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 544,233 shares of the company’s stock valued at $61,740,000 after acquiring an additional 22,832 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HLNE. UBS Group raised their target price on shares of Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, June 24th. JPMorgan Chase & Co. raised their target price on shares of Hamilton Lane from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $118.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, May 24th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $114.29.

Hamilton Lane Trading Down 0.5 %

Shares of NASDAQ:HLNE traded down $0.77 during mid-day trading on Monday, reaching $143.34. 93,783 shares of the company’s stock were exchanged, compared to its average volume of 265,769. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 39.05 and a beta of 1.17. The business’s fifty day moving average price is $126.44 and its 200-day moving average price is $118.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.02 and a current ratio of 3.02. Hamilton Lane Incorporated has a twelve month low of $78.66 and a twelve month high of $146.28.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.38. The company had revenue of $176.67 million for the quarter, compared to analyst estimates of $134.72 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. On average, research analysts predict that Hamilton Lane Incorporated will post 4.52 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were issued a $0.49 dividend. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, June 14th. This represents a $1.96 annualized dividend and a yield of 1.37%. Hamilton Lane’s payout ratio is presently 53.12%.

Hamilton Lane 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.