FORA Capital LLC Invests $228,000 in Hamilton Lane Incorporated (NASDAQ:HLNE)

FORA Capital LLC acquired a new position in Hamilton Lane Incorporated (NASDAQ:HLNEGet Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,934 shares of the company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss National Bank boosted its position in Hamilton Lane by 10.1% during the 1st quarter. Swiss National Bank now owns 83,600 shares of the company’s stock valued at $6,461,000 after acquiring an additional 7,700 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in Hamilton Lane by 4.9% in the 4th quarter. Segall Bryant & Hamill LLC now owns 59,463 shares of the company’s stock worth $6,162,000 after acquiring an additional 2,765 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Hamilton Lane by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 618,546 shares of the company’s stock valued at $64,093,000 after buying an additional 27,922 shares during the last quarter. Pictet Asset Management SA purchased a new position in shares of Hamilton Lane during the 4th quarter valued at about $207,000. Finally, Jennison Associates LLC raised its stake in shares of Hamilton Lane by 5.6% during the 1st quarter. Jennison Associates LLC now owns 235,869 shares of the company’s stock valued at $18,230,000 after buying an additional 12,571 shares during the last quarter. Institutional investors own 64.80% of the company’s stock.

Hamilton Lane Trading Down 1.8 %

Shares of Hamilton Lane stock opened at $67.08 on Friday. Hamilton Lane Incorporated has a 12-month low of $61.38 and a 12-month high of $116.00. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.57 billion, a PE ratio of 16.32 and a beta of 0.97. The company has a 50-day moving average of $71.62 and a two-hundred day moving average of $71.84.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, September 15th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.60 dividend on an annualized basis and a yield of 2.39%. Hamilton Lane’s dividend payout ratio (DPR) is currently 38.93%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HLNE. The Goldman Sachs Group lowered their price objective on Hamilton Lane from $85.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, June 29th. Wells Fargo & Company cut their target price on Hamilton Lane from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 13th. Morgan Stanley cut their target price on Hamilton Lane from $73.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 9th. Finally, UBS Group downgraded shares of Hamilton Lane from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $72.00 to $75.00 in a research note on Tuesday, August 9th.

Hamilton Lane Profile

(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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