TimesSquare Capital Management LLC Buys 16,812 Shares of Hamilton Lane Inc. $HLNE

TimesSquare Capital Management LLC raised its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 5.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 313,160 shares of the company’s stock after buying an additional 16,812 shares during the period. TimesSquare Capital Management LLC’s holdings in Hamilton Lane were worth $42,211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its position in shares of Hamilton Lane by 347.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after acquiring an additional 153 shares during the period. Parkside Financial Bank & Trust boosted its stake in Hamilton Lane by 920.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock worth $29,000 after acquiring an additional 184 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Hamilton Lane by 80.5% during the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after purchasing an additional 95 shares during the period. First Horizon Corp bought a new stake in Hamilton Lane in the third quarter valued at approximately $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Hamilton Lane in the second quarter worth $33,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $122.76 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 22.04 and a beta of 1.30. The stock’s 50-day moving average is $139.47 and its 200-day moving average is $137.40. Hamilton Lane Inc. has a one year low of $111.98 and a one year high of $179.19.

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

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, March 20th. Hamilton Lane’s payout ratio is currently 38.78%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday, January 22nd. Oppenheimer lifted their target price on Hamilton Lane from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Morgan Stanley set a $159.00 price target on Hamilton Lane in a research report on Tuesday, January 27th. Finally, UBS Group boosted their price objective on Hamilton Lane from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hamilton Lane currently has an average rating of “Moderate Buy” and a consensus price target of $173.25.

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.