MetLife Investment Management LLC Increases Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

MetLife Investment Management LLC grew its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 89.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,959 shares of the company’s stock after purchasing an additional 19,810 shares during the quarter. MetLife Investment Management LLC’s holdings in Hamilton Lane were worth $7,065,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HLNE. Quarry LP increased its holdings in Hamilton Lane by 316.2% during the second 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. Signaturefd LLC grew its position in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after acquiring an additional 73 shares during the period. CWM LLC increased its stake in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares in the last quarter. Fifth Third Bancorp raised its holdings in Hamilton Lane by 106.5% in the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after purchasing an additional 358 shares during the period. Finally, GAMMA Investing LLC lifted its position in Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after purchasing an additional 156 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HLNE. UBS Group raised their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lifted their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley increased their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their target price 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, Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hamilton Lane presently has an average rating of “Hold” and a consensus price target of $180.33.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $192.40 on Friday. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 41.74 and a beta of 1.18. The firm has a fifty day moving average price of $181.47 and a 200 day moving average price of $150.44. Hamilton Lane Incorporated has a fifty-two week low of $96.38 and a fifty-two week high of $203.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37.

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

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s dividend payout ratio is presently 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.