Principal Financial Group Inc. Acquires 73,518 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Principal Financial Group Inc. grew its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 23.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 385,354 shares of the company’s stock after purchasing an additional 73,518 shares during the quarter. Principal Financial Group Inc. owned approximately 0.73% of Hamilton Lane worth $32,685,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HLNE. Macquarie Group Ltd. raised its holdings in shares of Hamilton Lane by 52.9% in the 2nd quarter. Macquarie Group Ltd. now owns 1,014,387 shares of the company’s stock valued at $92,431,000 after purchasing an additional 350,872 shares in the last quarter. Capital International Investors bought a new position in shares of Hamilton Lane during the 2nd quarter worth approximately $17,200,000. Clearbridge Investments LLC raised its stake in shares of Hamilton Lane by 17.6% during the 2nd quarter. Clearbridge Investments LLC now owns 861,507 shares of the company’s stock worth $78,501,000 after acquiring an additional 129,021 shares in the last quarter. Copeland Capital Management LLC raised its stake in shares of Hamilton Lane by 36.3% during the 3rd quarter. Copeland Capital Management LLC now owns 474,444 shares of the company’s stock worth $40,243,000 after acquiring an additional 126,334 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Hamilton Lane by 154.6% during the 2nd quarter. Wells Fargo & Company MN now owns 205,748 shares of the company’s stock worth $18,748,000 after acquiring an additional 124,932 shares in the last quarter. Institutional investors and hedge funds own 97.94% of the company’s stock.

Shares of NASDAQ HLNE opened at $94.76 on Friday. The company’s fifty day moving average price is $105.04 and its 200 day moving average price is $96.30. Hamilton Lane Incorporated has a 1 year low of $74.11 and a 1 year high of $116.00. The company has a market capitalization of $5.11 billion, a PE ratio of 22.83 and a beta of 0.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.61 and a current ratio of 1.61.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, November 2nd. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.41. Hamilton Lane had a net margin of 42.25% and a return on equity of 64.01%. The firm had revenue of $96.32 million for the quarter, compared to the consensus estimate of $88.38 million. During the same period in the prior year, the firm posted $0.78 earnings per share. On average, equities analysts expect that Hamilton Lane Incorporated will post 3.67 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 6th. Investors of record on Wednesday, December 15th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, December 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 33.73%.

Several research firms have recently commented on HLNE. Morgan Stanley upped their price objective on shares of Hamilton Lane from $98.00 to $101.00 and gave the company an “equal weight” rating in a report on Friday, October 15th. Wells Fargo & Company began coverage on shares of Hamilton Lane in a report on Wednesday, December 15th. They issued an “equal weight” rating and a $109.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 5th.

About Hamilton Lane

Hamilton Lane, Inc is a holding company, which engages in the provision of private markets investment solutions. The firm works with clients to conceive, structure, build out, manage, and monitor portfolios of private markets funds and direct investments. It also offers the following solutions: customized separate accounts; specialized funds; advisory services; distribution management; and reporting, monitoring, data, and analytics.

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Institutional Ownership by Quarter for Hamilton Lane (NASDAQ:HLNE)

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