Geneva Capital Management LLC Acquires 63,866 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Geneva Capital Management LLC grew its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 32.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 258,739 shares of the company’s stock after buying an additional 63,866 shares during the period. Geneva Capital Management LLC’s holdings in Hamilton Lane were worth $43,569,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Signaturefd LLC boosted its stake in Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after acquiring an additional 73 shares in the last quarter. EFG Asset Management North America Corp. grew its stake in shares of Hamilton Lane by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock valued at $2,125,000 after buying an additional 81 shares during the period. CWM LLC increased its position in Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC raised its stake in Hamilton Lane by 32.4% during the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after buying an additional 156 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Hamilton Lane by 3.6% in the third quarter. Janney Montgomery Scott LLC now owns 4,814 shares of the company’s stock worth $811,000 after acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $196.90 on Wednesday. The stock has a market cap of $10.67 billion, a P/E ratio of 42.71 and a beta of 1.18. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average price is $171.18 and its two-hundred day moving average price is $144.19. Hamilton Lane Incorporated has a 52 week low of $89.38 and a 52 week high of $203.72.

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

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.00%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio is 42.52%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HLNE. The Goldman Sachs Group upped their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Wells Fargo & Company raised their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. upped 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. Finally, Keefe, Bruyette & Woods boosted their price objective on Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $180.33.

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.