Argent Capital Management LLC Buys 1,094 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Argent Capital Management LLC raised its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 13.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,057 shares of the company’s stock after buying an additional 1,094 shares during the period. Argent Capital Management LLC’s holdings in Hamilton Lane were worth $1,525,000 as of its most recent SEC filing.

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

Hamilton Lane Price Performance

HLNE stock traded up $1.24 during trading on Thursday, hitting $176.88. The stock had a trading volume of 71,302 shares, compared to its average volume of 311,382. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. The company’s 50-day moving average price is $160.79 and its two-hundred day moving average price is $136.84. The stock has a market capitalization of $9.55 billion, a P/E ratio of 48.05 and a beta of 1.19. Hamilton Lane Incorporated has a twelve month low of $79.13 and a twelve month high of $181.96.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.41. The company had revenue of $196.73 million during the quarter, compared to analysts’ expectations of $149.84 million. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. During the same quarter in the prior year, the company earned $0.94 EPS. As a group, research analysts predict that Hamilton Lane Incorporated will post 4.88 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Monday, September 16th. Hamilton Lane’s dividend payout ratio is currently 53.12%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HLNE shares. The Goldman Sachs Group boosted their price objective on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. UBS Group increased their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley upped their price target on shares of Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company increased 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. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hamilton Lane has a consensus rating of “Hold” and a consensus price target of $160.50.

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.