Virtu Financial LLC Purchases New Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Virtu Financial LLC acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 1,841 shares of the company’s stock, valued at approximately $310,000.

A number of other hedge funds have also made changes to their positions in HLNE. Wellington Management Group LLP increased its position in shares of Hamilton Lane by 31.1% during the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after purchasing an additional 413,015 shares in the last quarter. State Street Corp boosted its stake in Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after purchasing an additional 489,557 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Hamilton Lane by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after buying an additional 25,657 shares in the last quarter. Van Berkom & Associates Inc. raised its position in shares of Hamilton Lane by 2.0% in the second quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company’s stock valued at $110,334,000 after buying an additional 17,272 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its stake in shares of Hamilton Lane by 0.8% in the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock worth $145,388,000 after buying an additional 7,106 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HLNE. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted 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, December 12th. Morgan Stanley upped their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, UBS Group lifted their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, Hamilton Lane has an average rating of “Hold” and a consensus target price of $184.33.

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $167.52 on Tuesday. The company has a market capitalization of $9.29 billion, a P/E ratio of 36.34 and a beta of 1.19. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane Incorporated has a 52 week low of $103.42 and a 52 week high of $203.72. The stock’s fifty day moving average is $184.50 and its two-hundred day moving average is $155.88.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. Hamilton Lane’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts expect that Hamilton Lane Incorporated will post 4.87 EPS for the current 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 dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.17%. Hamilton Lane’s payout ratio is currently 42.52%.

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.