T. Rowe Price Investment Management Inc. Acquires 70,976 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

T. Rowe Price Investment Management Inc. boosted its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 780,363 shares of the company's stock after purchasing an additional 70,976 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.41% of Hamilton Lane worth $115,533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Hamilton Lane by 229.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock valued at $191,321,000 after acquiring an additional 900,283 shares during the last quarter. Vanguard Group Inc. lifted its position in Hamilton Lane by 28.4% in the fourth 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 during the last quarter. Norges Bank purchased a new stake in shares of Hamilton Lane during the fourth quarter valued at approximately $68,909,000. Invesco Ltd. grew its holdings 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 worth $284,738,000 after purchasing an additional 388,019 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new position in shares of Hamilton Lane in the fourth quarter worth $30,350,000. 97.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HLNE has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Morgan Stanley lowered their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company dropped their price objective on 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 raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. dropped their price target on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $164.14.

Hamilton Lane Stock Performance

HLNE traded down $1.26 during midday trading on Wednesday, hitting $153.25. 102,514 shares of the company traded hands, compared to its average volume of 427,890. The company's 50-day moving average is $145.37 and its 200 day moving average is $161.06. Hamilton Lane Incorporated has a 52 week low of $110.90 and a 52 week high of $203.72. The firm has a market capitalization of $8.50 billion, a PE ratio of 28.27 and a beta of 1.32. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its 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 during the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company's quarterly revenue was up 34.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. On average, research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.28%. Hamilton Lane's payout ratio is presently 36.16%.

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.