US Bancorp DE Purchases 1,513 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

US Bancorp DE lifted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 399.2% during the third quarter, Holdings Channel reports. The firm owned 1,892 shares of the company’s stock after acquiring an additional 1,513 shares during the period. US Bancorp DE’s holdings in Hamilton Lane were worth $319,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Covestor Ltd raised its position in Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after acquiring an additional 298 shares during the period. Quarry LP raised its position in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 234 shares during the period. Signaturefd LLC raised its position in Hamilton Lane by 13.1% in the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after acquiring an additional 73 shares during the period. CWM LLC raised its position in Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after acquiring an additional 100 shares during the period. Finally, Fifth Third Bancorp raised its position in 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 acquiring an additional 358 shares during the period. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Stock Down 2.3 %

NASDAQ:HLNE opened at $196.90 on Wednesday. The firm has a market cap of $10.67 billion, a P/E ratio of 42.71 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.72 and a current ratio of 3.37. Hamilton Lane Incorporated has a fifty-two week low of $89.38 and a fifty-two week high of $203.72. The firm has a 50-day simple moving average of $171.18 and a two-hundred day simple moving average of $144.19.

Hamilton Lane (NASDAQ:HLNE) last announced 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. The firm had revenue of $150.00 million during 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 business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 earnings per share. Analysts predict that Hamilton Lane Incorporated will post 4.89 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is presently 42.52%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target 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. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday. The Goldman Sachs Group boosted their price objective on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Seven equities research 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 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.