Fiera Capital Corp Purchases 37,451 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Fiera Capital Corp grew its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 15.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 281,311 shares of the company’s stock after buying an additional 37,451 shares during the period. Fiera Capital Corp owned approximately 0.52% of Hamilton Lane worth $47,370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HLNE. Signaturefd LLC lifted its position in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after buying an additional 73 shares during the last quarter. EFG Asset Management North America Corp. lifted its holdings in shares of Hamilton Lane by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock worth $2,125,000 after acquiring an additional 81 shares during the last quarter. CWM LLC boosted its stake in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC increased its position in Hamilton Lane by 32.4% during the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after purchasing an additional 156 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Hamilton Lane by 3.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 4,814 shares of the company’s stock valued at $811,000 after purchasing an additional 168 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HLNE has been the subject of several research analyst reports. UBS Group upped their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Wells Fargo & Company lifted their price target on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $179.00.

Hamilton Lane Trading Up 1.9 %

Shares of NASDAQ:HLNE traded up $3.52 during midday trading on Friday, reaching $192.94. The company’s stock had a trading volume of 198,787 shares, compared to its average volume of 316,456. Hamilton Lane Incorporated has a fifty-two week low of $89.28 and a fifty-two week high of $196.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. The firm has a 50 day moving average price of $168.40 and a two-hundred day moving average price of $142.01. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 43.54 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS. As a group, analysts forecast that Hamilton Lane Incorporated will post 4.9 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is currently 45.06%.

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.