Northern Trust Corp Increases Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Northern Trust Corp raised its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 623,735 shares of the company's stock after acquiring an additional 19,514 shares during the quarter. Northern Trust Corp owned approximately 1.13% of Hamilton Lane worth $92,344,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barclays PLC grew 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 purchasing an additional 112,866 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Hamilton Lane during the third quarter worth approximately $310,000. Franklin Resources Inc. raised its holdings in Hamilton Lane by 9.2% in the third quarter. Franklin Resources Inc. now owns 184,836 shares of the company's stock valued at $32,746,000 after acquiring an additional 15,554 shares in the last quarter. Retirement Systems of Alabama acquired a new position in Hamilton Lane during the 3rd quarter worth approximately $8,291,000. Finally, Principal Financial Group Inc. increased its position in shares of Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock valued at $98,297,000 after purchasing an additional 97,924 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock traded up $0.04 during trading hours on Friday, hitting $162.74. 238,905 shares of the company were exchanged, compared to its average volume of 434,131. The business has a 50-day moving average of $146.12 and a 200-day moving average of $160.21. Hamilton Lane Incorporated has a 1 year low of $114.25 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. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 30.03 and a beta of 1.31.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating 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 company's quarterly revenue was up 34.3% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. As a group, analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal 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 paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.20%. The ex-dividend date was Friday, March 14th. Hamilton Lane's payout ratio is currently 36.16%.

Analyst Ratings Changes

HLNE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company lowered 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 report on Tuesday, April 8th. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley reduced their target price 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $164.14.

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.