Bessemer Group Inc. Boosts Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Bessemer Group Inc. increased its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,908 shares of the company’s stock after purchasing an additional 9,717 shares during the period. Bessemer Group Inc. owned 0.32% of Hamilton Lane worth $19,385,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Hamilton Lane by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,185,272 shares of the company’s stock valued at $288,076,000 after acquiring an additional 29,711 shares in the last quarter. Colonial River Wealth Management LLC purchased a new position in shares of Hamilton Lane in the fourth quarter valued at $319,000. Arizona State Retirement System boosted its stake in shares of Hamilton Lane by 4.0% in the fourth quarter. Arizona State Retirement System now owns 9,709 shares of the company’s stock valued at $1,101,000 after purchasing an additional 370 shares during the period. International Assets Investment Management LLC bought a new position in Hamilton Lane during the 4th quarter valued at $142,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hamilton Lane by 5.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,831 shares of the company’s stock valued at $888,000 after acquiring an additional 414 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock traded up $2.14 during trading on Thursday, reaching $141.33. The company’s stock had a trading volume of 57,433 shares, compared to its average volume of 264,844. The stock has a market capitalization of $7.63 billion, a P/E ratio of 37.72 and a beta of 1.17. Hamilton Lane Incorporated has a one year low of $78.66 and a one year high of $145.00. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $125.38 and a two-hundred day moving average price of $117.59.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Thursday, May 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.38. Hamilton Lane had a return on equity of 31.07% and a net margin of 25.43%. The company had revenue of $176.67 million during the quarter, compared to analyst estimates of $134.72 million. As a group, sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.52 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.39%. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.45. Hamilton Lane’s dividend payout ratio is currently 53.12%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HLNE. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Lane from $118.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, May 24th. UBS Group raised their price objective on shares of Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, June 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and a consensus target price of $114.29.

Hamilton Lane Company 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.