Man Group plc Increases Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Man Group plc raised its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 75.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,743 shares of the company's stock after buying an additional 21,789 shares during the quarter. Man Group plc owned about 0.09% of Hamilton Lane worth $7,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Hamilton Lane by 229.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock valued at $191,321,000 after acquiring an additional 900,283 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Hamilton Lane by 28.4% during the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after acquiring an additional 863,326 shares during the last quarter. Norges Bank bought a new position in shares of Hamilton Lane during the 4th quarter valued at approximately $68,909,000. Invesco Ltd. boosted its position in shares of Hamilton Lane by 25.3% during the 4th quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock valued at $284,738,000 after acquiring an additional 388,019 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Hamilton Lane during the 4th quarter valued at approximately $24,081,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

HLNE stock opened at $172.52 on Tuesday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $149.86 and its two-hundred day simple moving average is $159.54. Hamilton Lane Incorporated has a twelve month low of $114.85 and a twelve month high of $203.72. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 31.83 and a beta of 1.31.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.14%. Hamilton Lane's payout ratio is 36.16%.

Analyst Ratings Changes

A number of research firms have recently commented on HLNE. Morgan Stanley lowered their target price on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company lowered their target price on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. lowered their price target on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Hamilton Lane currently has an average rating of "Hold" and a consensus price target of $164.14.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.