Man Group plc Buys 21,789 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Man Group plc lifted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 75.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC increased its stake in shares of Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after purchasing an additional 61 shares in the last quarter. State of Alaska Department of Revenue grew its position in Hamilton Lane by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock worth $705,000 after purchasing an additional 65 shares during the last quarter. Arizona State Retirement System grew its position in Hamilton Lane by 0.7% during the 4th quarter. Arizona State Retirement System now owns 11,166 shares of the company's stock worth $1,653,000 after purchasing an additional 80 shares during the last quarter. Lifestyle Asset Management Inc. boosted its holdings in shares of Hamilton Lane by 5.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company's stock valued at $224,000 after acquiring an additional 84 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Hamilton Lane by 6.0% during the fourth quarter. HighTower Advisors LLC now owns 1,824 shares of the company's stock worth $270,000 after buying an additional 103 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

NASDAQ:HLNE traded up $1.55 during mid-day trading on Friday, reaching $165.41. 401,644 shares of the stock were exchanged, compared to its average volume of 438,850. The business has a fifty day moving average price of $151.64 and a 200 day moving average price of $158.98. The firm has a market capitalization of $9.17 billion, a PE ratio of 30.52 and a beta of 1.31. Hamilton Lane Incorporated has a 1-year low of $114.85 and a 1-year high of $203.72. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a dividend of $0.49 per share. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.18%. Hamilton Lane's payout ratio is currently 36.16%.

Analyst Ratings Changes

A number of brokerages have recently commented on HLNE. JPMorgan Chase & Co. reduced their target price on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company upped their price objective on shares of Hamilton Lane from $147.00 to $166.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Morgan Stanley decreased their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, Hamilton Lane has an average rating of "Hold" and an average price target of $166.86.

Hamilton Lane 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.