B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,696 shares of the company’s stock, valued at approximately $4,327,000.

A number of other institutional investors have also made changes to their positions in HLNE. Vanguard Group Inc. grew its holdings in Hamilton Lane by 8.3% during the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after purchasing an additional 283,190 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of Hamilton Lane by 2.0% during the 2nd quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company’s stock worth $110,334,000 after buying an additional 17,272 shares during the period. Copeland Capital Management LLC grew its stake in Hamilton Lane by 0.8% in the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock valued at $145,388,000 after buying an additional 7,106 shares during the last quarter. Fred Alger Management LLC raised its holdings in Hamilton Lane by 10.5% in the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock worth $84,964,000 after acquiring an additional 65,151 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Hamilton Lane by 6.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company’s stock worth $72,943,000 after acquiring an additional 37,680 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on HLNE. The Goldman Sachs Group lifted their price objective on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Morgan Stanley lifted 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. Wells Fargo & Company upped their price target on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price objective 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, November 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, Hamilton Lane currently has a consensus rating of “Hold” and a consensus target price of $180.33.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $194.48 on Thursday. The business’s 50 day moving average is $176.46 and its 200-day moving average is $147.28. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $10.78 billion, a PE ratio of 42.19 and a beta of 1.18. Hamilton Lane Incorporated has a 1-year low of $93.05 and a 1-year high of $203.72.

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

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio is 42.52%.

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.