Grandeur Peak Global Advisors LLC increased its holdings in Hamilton Lane Inc. (NASDAQ:HLNE) by 68.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 246,068 shares of the company’s stock after purchasing an additional 100,300 shares during the quarter. Grandeur Peak Global Advisors LLC owned approximately 0.52% of Hamilton Lane worth $6,607,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of HLNE. Oppenheimer Asset Management Inc. bought a new stake in shares of Hamilton Lane in the third quarter worth $160,000. JPMorgan Chase & Co. grew its stake in shares of Hamilton Lane by 44.2% in the third quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock worth $163,000 after purchasing an additional 1,900 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of Hamilton Lane by 84.5% in the second quarter. Nationwide Fund Advisors now owns 8,099 shares of the company’s stock worth $178,000 after purchasing an additional 3,710 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Hamilton Lane during the second quarter valued at $252,000. Finally, First Trust Advisors LP bought a new stake in Hamilton Lane during the third quarter valued at $286,000. 27.93% of the stock is currently owned by institutional investors.
Hamilton Lane Inc. (NASDAQ HLNE) opened at $33.96 on Friday. Hamilton Lane Inc. has a fifty-two week low of $17.32 and a fifty-two week high of $35.24. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.82.
Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $51.20 million for the quarter, compared to analyst estimates of $48.64 million. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. sell-side analysts forecast that Hamilton Lane Inc. will post 1.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be issued a $0.175 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.06%.
A number of brokerages have commented on HLNE. Zacks Investment Research raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 price target on shares of Hamilton Lane in a research report on Thursday, September 28th. Finally, Morgan Stanley upped their price target on shares of Hamilton Lane from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.00.
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Hamilton Lane Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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