Janus Henderson Group PLC Boosts Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Janus Henderson Group PLC grew its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 30.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,293 shares of the company’s stock after acquiring an additional 11,445 shares during the quarter. Janus Henderson Group PLC owned about 0.09% of Hamilton Lane worth $8,300,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Van Berkom & Associates Inc. boosted its position in Hamilton Lane by 2.0% during the second quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company’s stock valued at $110,334,000 after purchasing an additional 17,272 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of Hamilton Lane by 0.8% during the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock valued at $145,388,000 after buying an additional 7,106 shares during the last quarter. Fred Alger Management LLC boosted its holdings in shares of Hamilton Lane by 10.5% in the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock valued at $84,964,000 after buying an additional 65,151 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Hamilton Lane by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company’s stock worth $72,943,000 after buying an additional 37,680 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after acquiring an additional 97,924 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HLNE. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. UBS Group boosted their target price on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Morgan Stanley boosted their price target on 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, Wells Fargo & Company increased their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $180.33.

Hamilton Lane Trading Down 2.2 %

Hamilton Lane stock opened at $181.48 on Monday. The stock has a 50-day moving average price of $184.26 and a 200 day moving average price of $153.93. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 39.37 and a beta of 1.19. Hamilton Lane Incorporated has a 52 week low of $101.20 and a 52 week high of $203.72. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24.

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

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.08%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s payout ratio is 42.52%.

Hamilton Lane Company 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.