Fiera Capital Corp Raises Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Fiera Capital Corp lifted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 281,311 shares of the company’s stock after buying an additional 37,451 shares during the period. Fiera Capital Corp’s holdings in Hamilton Lane were worth $47,370,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position in shares of Hamilton Lane by 25.6% during the first quarter. BNP Paribas Financial Markets now owns 27,218 shares of the company’s stock valued at $3,069,000 after purchasing an additional 5,549 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Hamilton Lane by 14.5% in the first quarter. Janney Montgomery Scott LLC now owns 4,522 shares of the company’s stock valued at $510,000 after acquiring an additional 571 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Hamilton Lane during the first quarter valued at approximately $134,000. Quantbot Technologies LP bought a new stake in Hamilton Lane during the first quarter worth $1,201,000. Finally, SG Americas Securities LLC purchased a new position in Hamilton Lane in the first quarter worth $538,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

NASDAQ HLNE traded up $3.52 during trading on Friday, hitting $192.94. 198,787 shares of the company’s stock traded hands, compared to its average volume of 316,456. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 43.54 and a beta of 1.18. Hamilton Lane Incorporated has a 12-month low of $89.28 and a 12-month high of $196.60. The business has a 50 day moving average of $168.40 and a 200-day moving average of $142.01.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. During the same period last year, the firm earned $0.89 EPS. Hamilton Lane’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities research analysts anticipate that Hamilton Lane Incorporated will post 4.9 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business 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 dividend of $0.49 per share. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.02%. Hamilton Lane’s payout ratio is 45.06%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HLNE shares. JPMorgan Chase & Co. raised their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Morgan Stanley boosted their target price on shares of Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, UBS Group lifted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $179.00.

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.