Stifel Financial Corp Buys 2,867 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Stifel Financial Corp increased its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 7.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 40,527 shares of the company’s stock after purchasing an additional 2,867 shares during the period. Stifel Financial Corp’s holdings in Hamilton Lane were worth $6,824,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Advisors LLC bought a new stake in shares of Hamilton Lane during the first quarter worth approximately $245,000. Fifth Third Bancorp raised its position in shares of Hamilton Lane by 106.5% in the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after buying an additional 358 shares in the last quarter. Argent Capital Management LLC raised its position in shares of Hamilton Lane by 50.8% in the second quarter. Argent Capital Management LLC now owns 7,963 shares of the company’s stock valued at $984,000 after buying an additional 2,684 shares in the last quarter. EFG Asset Management North America Corp. raised its position in shares of Hamilton Lane by 0.5% in the second 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Hamilton Lane by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 239,623 shares of the company’s stock valued at $29,613,000 after buying an additional 14,214 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $169.24 on Friday. The firm’s fifty day moving average price is $184.59 and its two-hundred day moving average price is $155.18. The stock has a market cap of $9.38 billion, a PE ratio of 36.71 and a beta of 1.19. Hamilton Lane Incorporated has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. On average, equities analysts expect that Hamilton Lane Incorporated will post 4.87 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.16%. Hamilton Lane’s dividend payout ratio is 42.52%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HLNE shares. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. UBS Group lifted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $184.33.

About Hamilton Lane

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.