First Republic Investment Management Inc. Buys 2,388 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

First Republic Investment Management Inc. grew its stake in Hamilton Lane Incorporated (NASDAQ:HLNEGet Rating) by 43.6% during the fourth quarter, Holdings Channel reports. The firm owned 7,867 shares of the company’s stock after purchasing an additional 2,388 shares during the period. First Republic Investment Management Inc.’s holdings in Hamilton Lane were worth $815,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HLNE. Voya Investment Management LLC boosted its holdings in Hamilton Lane by 1.3% during the third quarter. Voya Investment Management LLC now owns 13,308 shares of the company’s stock worth $1,129,000 after purchasing an additional 170 shares during the last quarter. O Shares Investment Advisers LLC lifted its position in shares of Hamilton Lane by 2.3% during the 4th quarter. O Shares Investment Advisers LLC now owns 9,089 shares of the company’s stock worth $942,000 after buying an additional 206 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new position in shares of Hamilton Lane in the 4th quarter worth approximately $31,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Hamilton Lane by 3.9% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 8,863 shares of the company’s stock worth $752,000 after buying an additional 330 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Hamilton Lane by 4.1% in the third quarter. Arizona State Retirement System now owns 9,391 shares of the company’s stock valued at $797,000 after acquiring an additional 374 shares in the last quarter. 66.11% of the stock is currently owned by institutional investors.

Shares of HLNE opened at $65.15 on Friday. Hamilton Lane Incorporated has a twelve month low of $61.55 and a twelve month high of $116.00. The stock has a market cap of $3.47 billion, a PE ratio of 14.19 and a beta of 0.98. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.32. The business’s 50-day moving average price is $73.39 and its 200-day moving average price is $88.49.

HLNE has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Hamilton Lane from $95.00 to $78.00 and set an “equal weight” rating for the company in a report on Tuesday, April 19th. Morgan Stanley lowered their price target on shares of Hamilton Lane from $111.00 to $101.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 20th. Finally, Zacks Investment Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 4th.

About Hamilton Lane (Get Rating)

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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Institutional Ownership by Quarter for Hamilton Lane (NASDAQ:HLNE)

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