Fort Washington Investment Advisors Inc. OH Makes New $27.03 Million Investment in Hamilton Lane Inc. $HLNE

Fort Washington Investment Advisors Inc. OH bought a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 311,154 shares of the company’s stock, valued at approximately $27,027,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HLNE. Fortitude Family Office LLC acquired a new stake in shares of Hamilton Lane in the third quarter valued at about $51,000. Copeland Capital Management LLC lifted its stake in shares of Hamilton Lane by 52.5% in the third quarter. Copeland Capital Management LLC now owns 741,678 shares of the company’s stock worth $64,422,000 after buying an additional 255,238 shares in the last quarter. Legacy Wealth Asset Management LLC purchased a new position in shares of Hamilton Lane in the third quarter worth about $206,000. GAMMA Investing LLC lifted its stake in shares of Hamilton Lane by 80.1% in the third quarter. GAMMA Investing LLC now owns 789 shares of the company’s stock worth $69,000 after buying an additional 351 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Hamilton Lane by 52.8% during the third quarter. Farther Finance Advisors LLC now owns 11,918 shares of the company’s stock worth $1,035,000 after acquiring an additional 4,120 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Up 1.8%

Shares of HLNE opened at $83.50 on Friday. Hamilton Lane Inc. has a 52-week low of $71.88 and a 52-week high of $155.66. The company has a market capitalization of $4.64 billion, a PE ratio of 12.73 and a beta of 1.23. The stock has a fifty day simple moving average of $95.42 and a two-hundred day simple moving average of $90.71. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.16.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.41. The firm had revenue of $275.33 million for the quarter, compared to analysts’ expectations of $221.94 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The company’s revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS. As a group, equities analysts forecast that Hamilton Lane Inc. will post 7.25 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Monday, September 21st were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, September 21st. Hamilton Lane’s payout ratio is presently 36.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HLNE. BMO Capital Markets set a $94.00 price objective on shares of Hamilton Lane in a research note on Monday, July 13th. UBS Group cut their price objective on shares of Hamilton Lane from $131.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday. Morgan Stanley decreased their target price on shares of Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Weiss Ratings raised shares of Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 31st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $117.00 target price on shares of Hamilton Lane in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.62.

Hamilton Lane Company Profile

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm focused on private markets. The company provides investment solutions and advisory services to institutional investors, family offices, financial intermediaries and private wealth clients seeking exposure to alternative investments.

Its offerings include customized separate accounts, commingled funds, evergreen funds, secondary investments, direct and co-investments, and other private-market strategies. Hamilton Lane also provides portfolio management, investment research, due diligence, monitoring, reporting and data-driven technology designed to help clients evaluate and manage private-market portfolios.

Founded in 1991, Hamilton Lane serves clients across North America, Europe, Asia-Pacific and other international markets through a global network of offices.