F M Investments LLC Buys Shares of 3,339 Hamilton Lane Incorporated (NASDAQ:HLNE)

F M Investments LLC purchased a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,339 shares of the company’s stock, valued at approximately $413,000.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hamilton Lane by 3.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,340 shares of the company’s stock worth $1,031,000 after purchasing an additional 242 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Hamilton Lane by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 239,623 shares of the company’s stock valued at $29,613,000 after buying an additional 14,214 shares during the last quarter. EFG Asset Management North America Corp. raised its holdings in Hamilton Lane by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock valued at $2,125,000 after buying an additional 81 shares during the last quarter. Argent Capital Management LLC grew 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 worth $984,000 after acquiring an additional 2,684 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Hamilton Lane by 106.5% during the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after acquiring an additional 358 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HLNE has been the subject of several analyst reports. UBS Group raised their price target on shares of Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised their target price on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $133.20.

Hamilton Lane Trading Up 1.8 %

HLNE opened at $152.84 on Friday. Hamilton Lane Incorporated has a twelve month low of $78.66 and a twelve month high of $154.50. The company has a fifty day moving average of $137.04 and a 200-day moving average of $122.71. The stock has a market cap of $8.25 billion, a PE ratio of 41.42 and a beta of 1.17. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.29.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41. The firm had revenue of $196.73 million during the quarter, compared to the consensus estimate of $149.84 million. Hamilton Lane had a return on equity of 31.07% and a net margin of 25.43%. During the same period last year, the business posted $0.94 EPS. On average, sell-side analysts predict that Hamilton Lane Incorporated will post 4.52 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, September 16th. Hamilton Lane’s dividend payout ratio (DPR) is presently 53.12%.

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.