First Trust Advisors LP Acquires 20,043 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

First Trust Advisors LP raised its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 71.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,907 shares of the company's stock after buying an additional 20,043 shares during the period. First Trust Advisors LP owned about 0.09% of Hamilton Lane worth $7,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HLNE. Vanguard Group Inc. increased its holdings in 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 purchasing an additional 863,326 shares in the last quarter. Invesco Ltd. increased its stake in shares of Hamilton Lane by 25.3% in the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock valued at $284,738,000 after buying an additional 388,019 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hamilton Lane by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company's stock valued at $170,280,000 after buying an additional 44,865 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Hamilton Lane by 10.6% during the 4th quarter. JPMorgan Chase & Co. now owns 689,902 shares of the company's stock worth $102,140,000 after buying an additional 66,378 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock worth $98,297,000 after buying an additional 97,924 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Trading Up 3.2 %

NASDAQ HLNE traded up $4.97 on Friday, reaching $160.59. The company had a trading volume of 394,377 shares, compared to its average volume of 431,817. Hamilton Lane Incorporated has a 52 week low of $114.25 and a 52 week high of $203.72. The stock's 50 day moving average is $145.61 and its 200-day moving average is $160.76. 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 stock has a market cap of $8.90 billion, a price-to-earnings ratio of 29.63 and a beta of 1.31.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. Hamilton Lane's revenue for the quarter was up 34.3% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. Equities analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's dividend payout ratio is currently 36.16%.

Analysts Set New Price Targets

A number of brokerages have weighed in on HLNE. The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a research note on Monday, January 6th. Wells Fargo & Company reduced their price objective on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research note on Tuesday. Morgan Stanley cut their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Hamilton Lane currently has an average rating of "Hold" and an average 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.