Copeland Capital Management LLC Purchases 255,238 Shares of Hamilton Lane Inc. $HLNE

Copeland Capital Management LLC grew its holdings in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 52.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 741,678 shares of the company's stock after acquiring an additional 255,238 shares during the quarter. Hamilton Lane comprises 1.4% of Copeland Capital Management LLC's investment portfolio, making the stock its 14th biggest holding. Copeland Capital Management LLC owned about 1.34% of Hamilton Lane worth $64,422,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. IFP Advisors Inc boosted its position in shares of Hamilton Lane by 332.0% in the 2nd quarter. IFP Advisors Inc now owns 419 shares of the company's stock valued at $33,000 after purchasing an additional 322 shares during the period. Harbor Investment Advisory LLC acquired a new position in Hamilton Lane during the second quarter worth approximately $58,000. Blue Trust Inc. acquired a new position in Hamilton Lane during the first quarter worth approximately $75,000. GAMMA Investing LLC increased its position in Hamilton Lane by 80.1% during the third quarter. GAMMA Investing LLC now owns 789 shares of the company's stock worth $69,000 after buying an additional 351 shares during the period. Finally, Allworth Financial LP increased its position in Hamilton Lane by 592.9% during the second quarter. Allworth Financial LP now owns 1,171 shares of the company's stock worth $92,000 after buying an additional 1,002 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HLNE. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $117.00 target price on shares of Hamilton Lane in a report on Friday, October 2nd. Weiss Ratings upgraded shares of Hamilton Lane from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 31st. BMO Capital Markets set a $94.00 price target on shares of Hamilton Lane in a research note on Monday, July 13th. Oppenheimer lowered their price objective on shares of Hamilton Lane from $182.00 to $181.00 and set an "outperform" rating on the stock in a research report on Thursday, August 27th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $105.00 to $116.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $124.62.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $82.92 on Wednesday. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 12.64 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49. The business's 50 day simple moving average is $96.10 and its 200-day simple moving average is $90.90. Hamilton Lane Inc. has a 12 month low of $71.88 and a 12 month high of $155.66.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.41. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%. The firm had revenue of $275.33 million during the quarter, compared to the consensus estimate of $221.94 million. During the same period in the previous year, the firm posted $1.47 EPS. The company's quarterly revenue was up 56.5% compared to the same quarter last year. As a group, equities analysts forecast that Hamilton Lane Inc. will post 7.25 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Monday, September 21st were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, September 21st. Hamilton Lane's dividend payout ratio is 36.59%.

About Hamilton Lane

Hamilton Lane Incorporated NASDAQ: HLNE is a global investment management firm focused on private markets. The company provides investment solutions and advisory services to institutional investors, family offices, financial intermediaries and private wealth clients seeking exposure to alternative investments.

Its offerings include customized separate accounts, commingled funds, evergreen funds, secondary investments, direct and co-investments, and other private-market strategies. Hamilton Lane also provides portfolio management, investment research, due diligence, monitoring, reporting and data-driven technology designed to help clients evaluate and manage private-market portfolios.

Founded in 1991, Hamilton Lane serves clients across North America, Europe, Asia-Pacific and other international markets through a global network of offices.

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