BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $24.06 Million Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 16.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,871 shares of the company’s stock after selling 28,733 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Hamilton Lane were worth $24,058,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of HLNE. Vanguard Group Inc. grew its holdings in shares of Hamilton Lane by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after purchasing an additional 283,190 shares during the last quarter. Covestor Ltd grew its stake in shares of Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after buying an additional 298 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Hamilton Lane by 7.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,565 shares of the company’s stock worth $402,000 after buying an additional 261 shares in the last quarter. Capital World Investors bought a new position in shares of Hamilton Lane in the 1st quarter valued at $9,724,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Hamilton Lane during the 1st quarter valued at $252,000. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. 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. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. UBS Group boosted their target price 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. JPMorgan Chase & Co. raised their price target 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. Finally, Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Hamilton Lane has an average rating of “Hold” and an average target price of $180.33.

Hamilton Lane Stock Up 0.7 %

Hamilton Lane stock opened at $199.55 on Friday. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 43.29 and a beta of 1.18. Hamilton Lane Incorporated has a 52-week low of $93.60 and a 52-week high of $203.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The firm has a 50 day moving average price of $177.45 and a two-hundred day moving average price of $147.64.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. Hamilton Lane’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. Equities analysts predict that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 0.98%. Hamilton Lane’s payout ratio is 42.52%.

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.