BNP Paribas Financial Markets Has $6.74 Million Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

BNP Paribas Financial Markets raised its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,050 shares of the company’s stock after purchasing an additional 3,223 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of Hamilton Lane worth $6,744,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Van Berkom & Associates Inc. raised its holdings in Hamilton Lane by 2.0% in the 2nd 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. Copeland Capital Management LLC lifted its holdings in shares of Hamilton Lane by 0.8% during the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock worth $145,388,000 after purchasing an additional 7,106 shares during the period. Fred Alger Management LLC grew its stake in shares of Hamilton Lane by 10.5% in the second quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock worth $84,964,000 after purchasing an additional 65,151 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Hamilton Lane by 6.8% in the second quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company’s stock valued at $72,943,000 after purchasing an additional 37,680 shares during the period. Finally, Principal Financial Group Inc. raised its position in Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after purchasing an additional 97,924 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HLNE has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. UBS Group raised their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. 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 report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price target on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and an average price target of $180.33.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $191.92 on Tuesday. The firm has a market capitalization of $10.64 billion, a P/E ratio of 41.74 and a beta of 1.18. The firm’s 50-day moving average price is $182.05 and its 200-day moving average price is $151.46. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane Incorporated has a 1-year low of $97.94 and a 1-year high of $203.72.

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

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s 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.