Janus Henderson Group PLC Increases Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Janus Henderson Group PLC boosted its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 24.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,252 shares of the company’s stock after acquiring an additional 11,959 shares during the period. Janus Henderson Group PLC owned 0.11% of Hamilton Lane worth $9,071,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HLNE. CBIZ Investment Advisory Services LLC increased its position in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after purchasing an additional 61 shares during the period. Farther Finance Advisors LLC increased its position in shares of Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock valued at $44,000 after buying an additional 221 shares during the period. Kapitalo Investimentos Ltda bought a new position in Hamilton Lane in the fourth quarter worth about $65,000. R Squared Ltd bought a new position in Hamilton Lane in the fourth quarter worth about $213,000. Finally, Aigen Investment Management LP purchased a new stake in Hamilton Lane in the fourth quarter worth about $221,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HLNE. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Oppenheimer cut Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday. Morgan Stanley decreased their price objective on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their target price on shares of Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Finally, Wells Fargo & Company reduced their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $164.14.

Hamilton Lane Trading Up 1.5%

Hamilton Lane stock opened at $172.74 on Friday. Hamilton Lane Incorporated has a 12 month low of $114.85 and a 12 month high of $203.72. The company has a market capitalization of $9.58 billion, a price-to-earnings ratio of 31.87 and a beta of 1.31. The business’s fifty day simple moving average is $149.24 and its two-hundred day simple moving average is $159.73. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Friday, March 14th. Hamilton Lane’s dividend payout ratio is presently 36.16%.

Hamilton Lane 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.