Associated Banc Corp Takes Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Associated Banc Corp purchased a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,261 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in shares of Hamilton Lane by 13.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 45,956 shares of the company’s stock worth $5,679,000 after acquiring an additional 5,412 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Hamilton Lane by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 394,806 shares of the company’s stock worth $44,519,000 after purchasing an additional 51,452 shares in the last quarter. Icon Wealth Advisors LLC acquired a new stake in Hamilton Lane in the third quarter valued at approximately $819,000. SG Americas Securities LLC increased its position in shares of Hamilton Lane by 427.0% in the second quarter. SG Americas Securities LLC now owns 25,126 shares of the company’s stock valued at $3,105,000 after buying an additional 20,358 shares in the last quarter. Finally, Royce & Associates LP acquired a new position in shares of Hamilton Lane during the 3rd quarter worth approximately $538,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on HLNE shares. Wells Fargo & Company upped their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. UBS Group raised their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their price objective on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley raised their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane has an average rating of “Hold” and a consensus price target of $180.33.

Hamilton Lane Trading Down 1.1 %

Shares of HLNE stock opened at $199.36 on Wednesday. Hamilton Lane Incorporated has a twelve month low of $93.98 and a twelve month high of $203.72. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 43.25 and a beta of 1.18. The company’s 50-day moving average price is $179.35 and its 200-day moving average price is $149.26. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. As a group, equities analysts predict that Hamilton Lane Incorporated will post 4.87 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 0.98%. Hamilton Lane’s dividend payout ratio is currently 42.52%.

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.