Hamilton Lane Inc. (HLNE) Stake Raised by Wells Fargo & Company MN
Wells Fargo & Company MN increased its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 159.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,283 shares of the company’s stock after buying an additional 11,234 shares during the quarter. Wells Fargo & Company MN owned approximately 0.09% of Hamilton Lane worth $402,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC boosted its holdings in shares of Hamilton Lane by 15.7% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,534,585 shares of the company’s stock valued at $33,746,000 after buying an additional 208,240 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in Hamilton Lane by 12.6% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 245,121 shares of the company’s stock valued at $5,390,000 after purchasing an additional 27,456 shares during the last quarter. Royce & Associates LP lifted its holdings in Hamilton Lane by 7.1% during the 2nd quarter. Royce & Associates LP now owns 161,716 shares of the company’s stock valued at $3,556,000 after purchasing an additional 10,788 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Hamilton Lane during the 1st quarter valued at $2,959,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Hamilton Lane during the 1st quarter valued at $1,671,000. 27.60% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the company. Morgan Stanley raised their price target on Hamilton Lane from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, November 8th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 target price on shares of Hamilton Lane in a report on Thursday, September 28th. Finally, Zacks Investment Research downgraded Hamilton Lane from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $24.00.
Shares of Hamilton Lane Inc. (NASDAQ:HLNE) opened at $31.61 on Wednesday. Hamilton Lane Inc. has a twelve month low of $17.32 and a twelve month high of $31.72. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.12 and a current ratio of 1.12.
Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $51.20 million for the quarter, compared to analyst estimates of $48.64 million. Hamilton Lane’s quarterly revenue was up 5.1% compared to the same quarter last year. sell-side analysts predict that Hamilton Lane Inc. will post 1.14 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Thursday, December 14th.
About Hamilton Lane
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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