Royce & Associates LP Makes New Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Royce & Associates LP purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,193 shares of the company’s stock, valued at approximately $538,000.

Several other large investors have also recently modified their holdings of the business. Signaturefd LLC grew its stake in shares of Hamilton Lane by 13.1% in the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after purchasing an additional 73 shares during the last quarter. EFG Asset Management North America Corp. lifted its holdings in Hamilton Lane by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock worth $2,125,000 after buying an additional 81 shares during the period. CWM LLC grew its position in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Hamilton Lane by 32.4% in the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after buying an additional 156 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Hamilton Lane by 3.6% during the third quarter. Janney Montgomery Scott LLC now owns 4,814 shares of the company’s stock worth $811,000 after acquiring an additional 168 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

HLNE has been the topic of several analyst reports. UBS Group upped their target price on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company upped their target price on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $180.33.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $194.48 on Thursday. The firm has a market capitalization of $10.78 billion, a P/E ratio of 42.19 and a beta of 1.18. The firm’s 50-day moving average price is $176.46 and its 200-day moving average price is $147.28. 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 $93.05 and a 1-year high of $203.72.

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

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio is currently 42.52%.

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.