Artemis Investment Management LLP Takes Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Artemis Investment Management LLP acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 204,999 shares of the company’s stock, valued at approximately $30,350,000. Artemis Investment Management LLP owned 0.37% of Hamilton Lane at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLNE. Wellington Management Group LLP boosted its holdings in Hamilton Lane by 31.1% during the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after acquiring an additional 413,015 shares during the period. State Street Corp lifted its position in shares of Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after purchasing an additional 489,557 shares during the last quarter. Geode Capital Management LLC boosted its stake in Hamilton Lane by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after purchasing an additional 25,657 shares during the period. Copeland Capital Management LLC grew its holdings in Hamilton Lane by 0.8% in the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock valued at $145,388,000 after buying an additional 7,106 shares during the last quarter. Finally, Fred Alger Management LLC increased its position in Hamilton Lane by 10.5% in the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock worth $84,964,000 after buying an additional 65,151 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HLNE shares. Morgan Stanley increased their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Wells Fargo & Company reduced their price target on shares of Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a report on Monday, January 6th. JPMorgan Chase & Co. increased their target price 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, UBS Group boosted their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $168.33.

Hamilton Lane Stock Up 0.4 %

NASDAQ HLNE opened at $150.26 on Friday. Hamilton Lane Incorporated has a 1-year low of $103.42 and a 1-year high of $203.72. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 32.59 and a beta of 1.24. The stock’s 50 day moving average is $169.53 and its two-hundred day moving average is $160.44. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The business had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. During the same quarter in the previous year, the firm earned $0.89 EPS. Hamilton Lane’s quarterly revenue was up 18.2% on a year-over-year basis. Equities analysts forecast that Hamilton Lane Incorporated will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Monday, December 16th. 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.