Zurcher Kantonalbank Zurich Cantonalbank Acquires 340 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 4.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,680 shares of the company’s stock after acquiring an additional 340 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hamilton Lane were worth $1,462,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. MetLife Investment Management LLC lifted its holdings in shares of Hamilton Lane by 89.4% in the 3rd quarter. MetLife Investment Management LLC now owns 41,959 shares of the company’s stock worth $7,065,000 after acquiring an additional 19,810 shares during the last quarter. Bridgewater Associates LP lifted its holdings in shares of Hamilton Lane by 113.0% in the 3rd quarter. Bridgewater Associates LP now owns 5,424 shares of the company’s stock worth $913,000 after acquiring an additional 2,878 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Hamilton Lane by 8.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,050 shares of the company’s stock worth $6,744,000 after acquiring an additional 3,223 shares during the last quarter. FMR LLC lifted its holdings in shares of Hamilton Lane by 239.9% in the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock worth $936,000 after acquiring an additional 3,922 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Hamilton Lane by 102.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 47,119 shares of the company’s stock worth $7,934,000 after acquiring an additional 23,854 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Morgan Stanley lifted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $180.33.

Hamilton Lane Stock Down 0.7 %

Shares of Hamilton Lane stock opened at $190.70 on Thursday. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $183.60 and its two-hundred day simple moving average is $152.78. The company has a market cap of $10.57 billion, a P/E ratio of 41.37 and a beta of 1.19. Hamilton Lane Incorporated has a 12-month low of $97.94 and a 12-month high of $203.72.

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

Hamilton Lane Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s dividend payout ratio is presently 42.52%.

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.