Vanguard Group Inc. Increases Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Vanguard Group Inc. raised its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 0.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,185,272 shares of the company's stock after acquiring an additional 29,711 shares during the quarter. Vanguard Group Inc. owned 5.90% of Hamilton Lane worth $288,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Hamilton Lane by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 187,549 shares of the company's stock worth $14,494,000 after buying an additional 3,340 shares during the period. American Century Companies Inc. boosted its holdings in shares of Hamilton Lane by 13.8% in the first quarter. American Century Companies Inc. now owns 5,518 shares of the company's stock worth $426,000 after buying an additional 670 shares during the period. US Bancorp DE boosted its holdings in shares of Hamilton Lane by 373.9% in the first quarter. US Bancorp DE now owns 3,109 shares of the company's stock worth $241,000 after buying an additional 2,453 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Hamilton Lane by 321.4% in the first quarter. PNC Financial Services Group Inc. now owns 611 shares of the company's stock worth $48,000 after buying an additional 466 shares during the period. Finally, Natixis Advisors L.P. acquired a new position in shares of Hamilton Lane in the first quarter worth about $805,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of Hamilton Lane stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $108.00, for a total value of $5,940,000.00. Following the transaction, the insider now owns 480,015 shares of the company's stock, valued at $51,841,620. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 26.82% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, January 11th. Morgan Stanley raised their price target on shares of Hamilton Lane from $102.00 to $126.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Company raised their price target on shares of Hamilton Lane from $106.00 to $111.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Hamilton Lane presently has a consensus rating of "Hold" and a consensus price target of $102.33.

Hamilton Lane Stock Up 1.7 %

HLNE traded up $1.89 during midday trading on Friday, hitting $112.76. 346,329 shares of the company's stock traded hands, compared to its average volume of 339,762. The company has a market cap of $6.09 billion, a PE ratio of 34.70 and a beta of 1.18. The stock's fifty day simple moving average is $113.40 and its 200-day simple moving average is $102.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58. Hamilton Lane Incorporated has a one year low of $62.86 and a one year high of $121.90.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.17). Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The firm had revenue of $125.26 million during the quarter, compared to the consensus estimate of $130.47 million. During the same period in the prior year, the business earned $0.43 EPS. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Hamilton Lane Incorporated will post 3.55 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Friday, March 15th will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Thursday, March 14th. Hamilton Lane's dividend payout ratio is 54.77%.

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.