Hamilton Lane Incorporated (NASDAQ:HLNE) Stock Position Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 120.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,900 shares of the company’s stock after buying an additional 4,315 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Hamilton Lane were worth $1,317,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System bought a new stake in Hamilton Lane in the third quarter worth approximately $1,886,000. Argent Capital Management LLC boosted its holdings in Hamilton Lane by 13.7% in the third quarter. Argent Capital Management LLC now owns 9,057 shares of the company’s stock worth $1,525,000 after purchasing an additional 1,094 shares in the last quarter. Sierra Capital LLC boosted its holdings in Hamilton Lane by 141.6% in the third quarter. Sierra Capital LLC now owns 22,718 shares of the company’s stock worth $3,825,000 after purchasing an additional 13,316 shares in the last quarter. Copeland Capital Management LLC raised its holdings in Hamilton Lane by 0.8% during the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock valued at $145,388,000 after buying an additional 7,106 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Hamilton Lane in the third quarter worth about $9,587,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HLNE. UBS Group raised their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their price objective on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Wells Fargo & Company raised their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $160.50.

Hamilton Lane Price Performance

Shares of HLNE stock opened at $179.64 on Friday. Hamilton Lane Incorporated has a 12 month low of $83.04 and a 12 month high of $185.10. The company has a market capitalization of $9.70 billion, a P/E ratio of 48.68 and a beta of 1.19. The stock has a 50 day moving average of $164.50 and a two-hundred day moving average of $139.15. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The firm had revenue of $196.73 million during the quarter, compared to analysts’ expectations of $149.84 million. During the same period last year, the business earned $0.94 earnings per share. As a group, equities analysts expect that Hamilton Lane Incorporated will post 4.9 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.09%. The ex-dividend date was Monday, September 16th. Hamilton Lane’s dividend payout ratio (DPR) is presently 53.12%.

Hamilton Lane Company 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.