Hamilton Lane Inc. (NASDAQ:HLNE) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. raised its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 173,490 shares of the company's stock after acquiring an additional 11,103 shares during the period. Bessemer Group Inc. owned approximately 0.31% of Hamilton Lane worth $25,793,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Hamilton Lane by 28.4% during the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock worth $577,681,000 after purchasing an additional 863,326 shares during the last quarter. Invesco Ltd. raised its stake in shares of Hamilton Lane by 25.3% during the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock worth $284,738,000 after purchasing an additional 388,019 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Hamilton Lane by 229.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock worth $191,321,000 after purchasing an additional 900,283 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Hamilton Lane by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company's stock worth $170,280,000 after purchasing an additional 44,865 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Hamilton Lane by 10.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 780,363 shares of the company's stock worth $115,533,000 after purchasing an additional 70,976 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

HLNE stock traded down $0.10 on Friday, reaching $144.14. 6,419,561 shares of the company's stock were exchanged, compared to its average volume of 507,522. The stock has a fifty day moving average of $153.70 and a 200-day moving average of $151.55. Hamilton Lane Inc. has a twelve month low of $120.86 and a twelve month high of $203.72. The firm has a market cap of $7.72 billion, a PE ratio of 26.74 and a beta of 1.25. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 0.31.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The firm had revenue of $197.97 million for the quarter, compared to analyst estimates of $165.49 million. During the same quarter in the prior year, the company posted $1.38 earnings per share. Hamilton Lane's quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be issued a $0.54 dividend. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date is Friday, June 20th. This represents a $2.16 annualized dividend and a yield of 1.50%. Hamilton Lane's dividend payout ratio is 40.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Wall Street Zen lowered Hamilton Lane from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Keefe, Bruyette & Woods lowered their price objective on Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating on the stock in a report on Monday, June 2nd. Finally, Morgan Stanley lowered their price objective on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Hamilton Lane presently has an average rating of "Hold" and an average target price of $164.29.

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.