Invesco Ltd. Increases Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Invesco Ltd. grew its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,923,253 shares of the company's stock after purchasing an additional 388,019 shares during the quarter. Invesco Ltd. owned approximately 3.47% of Hamilton Lane worth $284,738,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bank of Montreal Can increased its stake in shares of Hamilton Lane by 17.0% in the 4th quarter. Bank of Montreal Can now owns 4,171 shares of the company's stock valued at $618,000 after acquiring an additional 605 shares in the last quarter. Aviva PLC grew its holdings in Hamilton Lane by 18.8% in the fourth quarter. Aviva PLC now owns 3,334 shares of the company's stock worth $494,000 after purchasing an additional 527 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Hamilton Lane in the fourth quarter valued at $651,000. Wells Fargo & Company MN raised its holdings in shares of Hamilton Lane by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 97,903 shares of the company's stock valued at $14,495,000 after purchasing an additional 606 shares during the period. Finally, Islay Capital Management LLC boosted its position in shares of Hamilton Lane by 7.5% during the 4th quarter. Islay Capital Management LLC now owns 5,112 shares of the company's stock worth $757,000 after purchasing an additional 355 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 down $3.55 during trading hours on Wednesday, hitting $137.80. The stock had a trading volume of 169,224 shares, compared to its average volume of 539,386. The company has a 50 day simple moving average of $148.59 and a two-hundred day simple moving average of $163.10. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 25.42 and a beta of 1.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane Incorporated has a one year low of $108.34 and a one year high of $203.72.

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

Hamilton Lane Announces Dividend

The company also recently declared 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 of this dividend was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.42%. Hamilton Lane's payout ratio is 36.16%.

Analyst Ratings Changes

A number of research analysts recently weighed in on HLNE shares. Morgan Stanley dropped 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. Wells Fargo & Company reduced their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods raised their target price 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. The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. in a research report on Monday, January 6th. Finally, Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $165.29.

About Hamilton Lane

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.