Hamilton Lane Inc. $HLNE Shares Bought by Danske Bank A S

Danske Bank A S raised its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 19,024.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,124 shares of the company’s stock after acquiring an additional 19,024 shares during the quarter. Danske Bank A S’s holdings in Hamilton Lane were worth $2,569,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Artisan Partners Limited Partnership lifted its holdings in Hamilton Lane by 24.8% in the third quarter. Artisan Partners Limited Partnership now owns 318,111 shares of the company’s stock valued at $42,878,000 after acquiring an additional 63,220 shares during the period. SG Americas Securities LLC lifted its holdings in Hamilton Lane by 541.8% in the fourth quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock valued at $9,632,000 after acquiring an additional 60,542 shares during the period. Champlain Investment Partners LLC lifted its holdings in Hamilton Lane by 33.8% in the third quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company’s stock valued at $187,140,000 after acquiring an additional 350,437 shares during the period. Elo Mutual Pension Insurance Co acquired a new position in Hamilton Lane in the third quarter valued at approximately $1,528,000. Finally, Bessemer Group Inc. lifted its holdings in Hamilton Lane by 53.2% in the third quarter. Bessemer Group Inc. now owns 202,998 shares of the company’s stock valued at $27,363,000 after acquiring an additional 70,493 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Up 1.4%

Hamilton Lane stock opened at $92.41 on Wednesday. The stock has a market capitalization of $5.15 billion, a PE ratio of 16.59 and a beta of 1.18. Hamilton Lane Inc. has a 12 month low of $86.47 and a 12 month high of $179.19. The business has a 50 day simple moving average of $100.02 and a 200-day simple moving average of $120.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. The business had revenue of $198.59 million during the quarter, compared to analysts’ expectations of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The business’s revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 earnings per share. On average, analysts anticipate that Hamilton Lane Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HLNE. Morgan Stanley decreased their price target on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. BMO Capital Markets decreased their price target on Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Hamilton Lane currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.38.

About Hamilton Lane

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.