Artisan Partners Limited Partnership Boosts Stake in Hamilton Lane Inc. $HLNE

Artisan Partners Limited Partnership boosted its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 24.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 318,111 shares of the company’s stock after buying an additional 63,220 shares during the period. Artisan Partners Limited Partnership owned approximately 0.57% of Hamilton Lane worth $42,878,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HLNE. Hantz Financial Services Inc. boosted its position in shares of Hamilton Lane by 80.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after acquiring an additional 95 shares during the last quarter. California State Teachers Retirement System increased its position in Hamilton Lane by 0.3% in the second quarter. California State Teachers Retirement System now owns 37,346 shares of the company’s stock worth $5,308,000 after purchasing an additional 111 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in Hamilton Lane by 15.9% during the third quarter. Harbor Investment Advisory LLC now owns 967 shares of the company’s stock valued at $130,000 after purchasing an additional 133 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in Hamilton Lane by 347.7% during the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after purchasing an additional 153 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in Hamilton Lane by 126.4% during the third quarter. Global Retirement Partners LLC now owns 317 shares of the company’s stock valued at $43,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. UBS Group reduced their price objective on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. The Goldman Sachs Group upgraded Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, November 6th. Finally, Morgan Stanley set a $159.00 price target on Hamilton Lane in a report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $169.00.

Hamilton Lane Stock Down 2.9%

Shares of NASDAQ HLNE opened at $104.94 on Friday. Hamilton Lane Inc. has a 1 year low of $98.00 and a 1 year high of $179.19. The firm has a 50-day simple moving average of $135.39 and a two-hundred day simple moving average of $134.38. The company has a market cap of $5.85 billion, a P/E ratio of 18.84 and a beta of 1.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.27. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The firm had revenue of $198.59 million for the quarter, compared to the consensus estimate of $195.36 million. During the same period in the prior year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. Research analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, March 20th. Hamilton Lane’s payout ratio is currently 38.78%.

Hamilton Lane Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.