Louisiana State Employees Retirement System Invests $1.89 Million in Hamilton Lane Incorporated (NASDAQ:HLNE)

Louisiana State Employees Retirement System bought a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the third quarter, HoldingsChannel reports. The institutional investor bought 11,200 shares of the company’s stock, valued at approximately $1,886,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLNE. Signaturefd LLC increased its stake in 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 during the last quarter. EFG Asset Management North America Corp. increased its stake in Hamilton Lane by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock valued at $2,125,000 after purchasing an additional 81 shares during the last quarter. CWM LLC increased its stake in Hamilton Lane by 24.7% during 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. GAMMA Investing LLC increased its stake 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 during the last quarter. Finally, Rhumbline Advisers increased its stake in Hamilton Lane by 0.4% during the second quarter. Rhumbline Advisers now owns 55,451 shares of the company’s stock valued at $6,853,000 after purchasing an additional 208 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

HLNE stock opened at $182.22 on Thursday. The company has a market capitalization of $9.84 billion, a P/E ratio of 49.38 and a beta of 1.19. The company has a 50-day simple moving average of $163.75 and a 200 day simple moving average of $138.85. Hamilton Lane Incorporated has a fifty-two week low of $83.04 and a fifty-two week high of $185.10. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The business had revenue of $196.73 million during the quarter, compared to the consensus estimate of $149.84 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. Sell-side analysts predict that Hamilton Lane Incorporated will post 4.9 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Monday, September 16th. Hamilton Lane’s payout ratio is 53.12%.

Wall Street Analysts Forecast Growth

HLNE has been the subject of several recent research reports. The Goldman Sachs Group upped their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. UBS Group upped their price target 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. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley upped their price target on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $160.50.

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.