TimesSquare Capital Management LLC Buys 16,812 Shares of Hamilton Lane Inc. $HLNE

TimesSquare Capital Management LLC boosted its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,160 shares of the company’s stock after buying an additional 16,812 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.56% of Hamilton Lane worth $42,211,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Champlain Investment Partners LLC lifted its holdings in shares of Hamilton Lane by 36.7% during the second quarter. Champlain Investment Partners LLC now owns 1,037,943 shares of the company’s stock valued at $147,512,000 after acquiring an additional 278,630 shares during the period. Van Berkom & Associates Inc. boosted its position in Hamilton Lane by 0.8% in the third quarter. Van Berkom & Associates Inc. now owns 686,204 shares of the company’s stock valued at $92,493,000 after buying an additional 5,130 shares in the last quarter. Raymond James Financial Inc. grew its stake in Hamilton Lane by 70.2% during the second quarter. Raymond James Financial Inc. now owns 383,473 shares of the company’s stock worth $54,499,000 after buying an additional 158,219 shares during the last quarter. Norges Bank acquired a new stake in shares of Hamilton Lane during the second quarter worth approximately $46,641,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Hamilton Lane by 26.9% in the second quarter. Envestnet Asset Management Inc. now owns 274,868 shares of the company’s stock valued at $39,064,000 after acquiring an additional 58,300 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Trading Down 0.3%

Shares of HLNE opened at $122.76 on Friday. The stock’s fifty day simple moving average is $139.47 and its 200-day simple moving average is $137.40. The firm has a market capitalization of $6.85 billion, a PE ratio of 22.04 and a beta of 1.30. Hamilton Lane Inc. has a 12-month low of $111.98 and a 12-month high of $179.19. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $195.36 million. During the same period last year, the company earned $1.25 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. As a group, research analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 20th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $2.16 dividend on an annualized basis and a yield of 1.8%. Hamilton Lane’s dividend payout ratio (DPR) is presently 38.78%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley set a $159.00 price target on Hamilton Lane in a research report on Tuesday, January 27th. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. UBS Group upped their price target on shares of Hamilton Lane from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Finally, Wall Street Zen upgraded shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $173.25.

About Hamilton Lane

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.