ProShare Advisors LLC Raises Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

ProShare Advisors LLC boosted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 41.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,772 shares of the company's stock after purchasing an additional 3,745 shares during the period. ProShare Advisors LLC's holdings in Hamilton Lane were worth $1,891,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in Hamilton Lane by 84.5% during the 3rd quarter. Barclays PLC now owns 246,383 shares of the company's stock worth $41,488,000 after acquiring an additional 112,866 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Hamilton Lane by 35.2% in the fourth quarter. Park Avenue Securities LLC now owns 2,599 shares of the company's stock worth $385,000 after acquiring an additional 677 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Hamilton Lane by 41.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 2,513 shares of the company's stock valued at $372,000 after acquiring an additional 741 shares in the last quarter. Lifestyle Asset Management Inc. boosted its holdings in Hamilton Lane by 5.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company's stock valued at $224,000 after purchasing an additional 84 shares during the period. Finally, KBC Group NV increased its holdings in Hamilton Lane by 2,006.2% during the 4th quarter. KBC Group NV now owns 24,032 shares of the company's stock worth $3,558,000 after purchasing an additional 22,891 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Up 0.9%

Shares of NASDAQ:HLNE traded up $1.55 during trading on Monday, hitting $165.41. 401,644 shares of the company were exchanged, compared to its average volume of 438,850. The firm's 50 day moving average price is $151.64 and its 200-day moving average price is $158.98. Hamilton Lane Incorporated has a 12-month low of $114.85 and a 12-month high of $203.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The stock has a market capitalization of $9.17 billion, a P/E ratio of 30.52 and a beta of 1.31.

Hamilton Lane Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on HLNE shares. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. decreased their price target on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley dropped their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $147.00 to $166.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, 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 note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.