Geode Capital Management LLC Has $186.11 Million Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Geode Capital Management LLC increased its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 2.4% in the third quarter, Holdings Channel reports. The institutional investor owned 1,105,063 shares of the company’s stock after buying an additional 25,657 shares during the period. Geode Capital Management LLC’s holdings in Hamilton Lane were worth $186,111,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Hamilton Lane by 84.5% in the third quarter. Barclays PLC now owns 246,383 shares of the company’s stock valued at $41,488,000 after purchasing an additional 112,866 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in Hamilton Lane by 0.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock valued at $2,509,000 after buying an additional 93 shares during the last quarter. XTX Topco Ltd increased its stake in Hamilton Lane by 13.9% in the 3rd quarter. XTX Topco Ltd now owns 2,128 shares of the company’s stock valued at $358,000 after buying an additional 259 shares during the last quarter. DF Dent & Co. Inc. boosted its stake in shares of Hamilton Lane by 26.4% during the 3rd quarter. DF Dent & Co. Inc. now owns 335,952 shares of the company’s stock worth $56,571,000 after buying an additional 70,091 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after acquiring an additional 413,015 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on HLNE. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley boosted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, UBS Group increased their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $184.33.

Hamilton Lane Stock Down 1.2 %

HLNE opened at $169.24 on Monday. The stock’s fifty day simple moving average is $184.59 and its 200 day simple moving average is $155.58. Hamilton Lane Incorporated has a 1-year low of $103.42 and a 1-year high of $203.72. The stock has a market cap of $9.38 billion, a PE ratio of 36.71 and a beta of 1.19. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. As a group, research analysts expect that Hamilton Lane Incorporated will post 4.87 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s payout ratio is 42.52%.

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.