Wellington Management Group LLP Grows Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Wellington Management Group LLP lifted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 31.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,743,033 shares of the company’s stock after buying an additional 413,015 shares during the period. Wellington Management Group LLP’s holdings in Hamilton Lane were worth $293,509,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HLNE. Comerica Bank increased its holdings in shares of Hamilton Lane by 6.3% in the first quarter. Comerica Bank now owns 5,266 shares of the company’s stock worth $594,000 after buying an additional 311 shares during the period. Cetera Advisors LLC purchased a new position in shares of Hamilton Lane in the first quarter worth about $245,000. SG Americas Securities LLC increased its holdings in shares of Hamilton Lane by 427.0% in the second quarter. SG Americas Securities LLC now owns 25,126 shares of the company’s stock worth $3,105,000 after buying an additional 20,358 shares during the period. Fifth Third Bancorp increased its holdings in shares of Hamilton Lane by 106.5% in the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after buying an additional 358 shares during the period. Finally, Argent Capital Management LLC increased its holdings in Hamilton Lane by 50.8% during the 2nd quarter. Argent Capital Management LLC now owns 7,963 shares of the company’s stock valued at $984,000 after purchasing an additional 2,684 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on HLNE shares. UBS Group boosted their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price target on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Morgan Stanley boosted their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group boosted their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $180.33.

Hamilton Lane Stock Performance

Shares of HLNE opened at $181.48 on Friday. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average price is $184.26 and its 200-day moving average price is $153.69. Hamilton Lane Incorporated has a 52 week low of $101.20 and a 52 week high of $203.72. The stock has a market cap of $10.06 billion, a P/E ratio of 39.37 and a beta of 1.19.

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

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.08%. Hamilton Lane’s payout ratio is currently 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.