Bessemer Group Inc. Purchases 70,493 Shares of Hamilton Lane Inc. $HLNE

Bessemer Group Inc. boosted its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 53.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,998 shares of the company’s stock after buying an additional 70,493 shares during the period. Bessemer Group Inc. owned about 0.36% of Hamilton Lane worth $27,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Hamilton Lane during the 2nd quarter valued at about $46,641,000. Champlain Investment Partners LLC raised its position in Hamilton Lane by 36.7% in the second quarter. Champlain Investment Partners LLC now owns 1,037,943 shares of the company’s stock worth $147,512,000 after purchasing an additional 278,630 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Hamilton Lane by 70.2% during the second quarter. Raymond James Financial Inc. now owns 383,473 shares of the company’s stock worth $54,499,000 after purchasing an additional 158,219 shares during the period. HRT Financial LP bought a new position in Hamilton Lane during the second quarter worth about $19,136,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Hamilton Lane during the second quarter valued at approximately $19,028,000. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Morgan Stanley set a $159.00 price target on Hamilton Lane in a research report on Tuesday, January 27th. Wall Street Zen upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. UBS Group lifted their price objective on Hamilton Lane from $166.00 to $184.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.25.

Hamilton Lane Stock Performance

Shares of HLNE opened at $131.72 on Friday. The stock has a fifty day moving average price of $138.94 and a two-hundred day moving average price of $138.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.49 and a current ratio of 3.27. Hamilton Lane Inc. has a 52-week low of $111.98 and a 52-week high of $179.19. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 23.65 and a beta of 1.30.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.28 by $0.27. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The company had revenue of $198.59 million for the quarter, compared to analysts’ expectations of $195.36 million. During the same quarter in the prior year, the business earned $1.25 earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. Analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 20th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s dividend payout ratio (DPR) is presently 38.78%.

Hamilton Lane Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.