Hamilton Lane Inc. $HLNE Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 328,286 shares of the company’s stock after buying an additional 15,126 shares during the period. TimesSquare Capital Management LLC’s holdings in Hamilton Lane were worth $44,092,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Invesco Ltd. boosted its position in shares of Hamilton Lane by 7.3% during the third quarter. Invesco Ltd. now owns 1,534,836 shares of the company’s stock worth $206,880,000 after buying an additional 104,977 shares during the period. Champlain Investment Partners LLC lifted its position in Hamilton Lane by 33.8% in the third quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company’s stock worth $187,140,000 after purchasing an additional 350,437 shares during the period. Principal Financial Group Inc. lifted its position in Hamilton Lane by 148.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock worth $145,844,000 after purchasing an additional 648,588 shares during the period. Millennium Management LLC lifted its position in Hamilton Lane by 418.8% in the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock worth $142,946,000 after purchasing an additional 856,112 shares during the period. Finally, Van Berkom & Associates Inc. lifted its position in Hamilton Lane by 10.7% in the fourth quarter. Van Berkom & Associates Inc. now owns 759,628 shares of the company’s stock worth $102,026,000 after purchasing an additional 73,424 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HLNE shares. UBS Group cut their target price on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 20th. BMO Capital Markets cut their target price on Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. JPMorgan Chase & Co. cut their target price on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley cut their target price on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Finally, Zacks Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.13.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $86.75 on Tuesday. Hamilton Lane Inc. has a one year low of $84.08 and a one year high of $179.19. The stock has a fifty day moving average of $96.72 and a 200-day moving average of $118.44. The company has a market capitalization of $4.84 billion, a PE ratio of 15.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27.

Hamilton Lane Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.