Allspring Global Investments Holdings LLC Buys 19,721 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Allspring Global Investments Holdings LLC raised its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 34.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 76,656 shares of the company’s stock after purchasing an additional 19,721 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Hamilton Lane were worth $11,349,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. CWM LLC grew its position in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after acquiring an additional 100 shares during the last quarter. Creative Planning grew its holdings in shares of Hamilton Lane by 6.1% during the 3rd quarter. Creative Planning now owns 66,601 shares of the company’s stock valued at $11,215,000 after purchasing an additional 3,829 shares during the last quarter. Copeland Capital Management LLC grew its holdings in shares of Hamilton Lane by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock valued at $145,388,000 after purchasing an additional 7,106 shares during the last quarter. Sierra Capital LLC grew its holdings in shares of Hamilton Lane by 141.6% during the 3rd quarter. Sierra Capital LLC now owns 22,718 shares of the company’s stock valued at $3,825,000 after purchasing an additional 13,316 shares during the last quarter. Finally, Argent Capital Management LLC grew its holdings in shares of Hamilton Lane by 13.7% during the 3rd quarter. Argent Capital Management LLC now owns 9,057 shares of the company’s stock valued at $1,525,000 after purchasing an additional 1,094 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $156.19 on Tuesday. The business has a 50 day moving average of $155.50 and a 200 day moving average of $163.91. Hamilton Lane Incorporated has a 52 week low of $103.42 and a 52 week high of $203.72. The company has a market cap of $8.66 billion, a PE ratio of 28.82 and a beta of 1.25. The company has a quick ratio of 3.37, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same period in the prior year, the business earned $0.71 EPS. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. As a group, equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s payout ratio is 36.16%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HLNE shares. UBS Group raised their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley raised their price target on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $173.14.

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.