ProShare Advisors LLC Buys 3,745 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

ProShare Advisors LLC lifted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 41.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,772 shares of the company’s stock after acquiring an additional 3,745 shares during the quarter. ProShare Advisors LLC’s holdings in Hamilton Lane were worth $1,891,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Man Group plc grew its stake in Hamilton Lane by 75.3% during the fourth quarter. Man Group plc now owns 50,743 shares of the company’s stock worth $7,513,000 after purchasing an additional 21,789 shares during the period. Nomura Holdings Inc. acquired a new stake in Hamilton Lane during the fourth quarter worth approximately $819,000. Meketa Capital LLC acquired a new stake in Hamilton Lane during the fourth quarter worth approximately $1,326,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Hamilton Lane by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,872 shares of the company’s stock worth $3,238,000 after purchasing an additional 837 shares during the period. Finally, Laurion Capital Management LP acquired a new stake in Hamilton Lane during the fourth quarter worth approximately $358,000. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HLNE. JPMorgan Chase & Co. decreased their target price on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Keefe, Bruyette & Woods raised their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Morgan Stanley decreased their target price on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Oppenheimer cut Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Finally, Wells Fargo & Company reduced their price objective on Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $164.14.

Hamilton Lane Trading Down 1.6%

Shares of Hamilton Lane stock opened at $169.70 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a 52 week low of $114.85 and a 52 week high of $203.72. The stock has a 50 day moving average price of $150.47 and a two-hundred day moving average price of $159.61. The stock has a market capitalization of $9.41 billion, a PE ratio of 31.31 and a beta of 1.31.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.15%. Hamilton Lane’s payout ratio is 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.