TimesSquare Capital Management LLC Increases Position in Hamilton Lane Inc. $HLNE

TimesSquare Capital Management LLC lifted its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 328,286 shares of the company’s stock after acquiring an additional 15,126 shares during the quarter. TimesSquare Capital Management LLC owned 0.59% of Hamilton Lane worth $44,092,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Millennium Management LLC increased its holdings in Hamilton Lane by 418.8% in the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock valued at $142,946,000 after buying an additional 856,112 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Hamilton Lane by 148.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock valued at $145,844,000 after buying an additional 648,588 shares during the last quarter. Champlain Investment Partners LLC increased 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 buying an additional 350,437 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Hamilton Lane in the fourth quarter valued at about $40,855,000. Finally, Deprince Race & Zollo Inc. bought a new stake in Hamilton Lane in the fourth quarter valued at about $40,480,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Up 1.9%

NASDAQ:HLNE opened at $86.75 on Tuesday. The firm has a market capitalization of $4.84 billion, a PE ratio of 15.57 and a beta of 1.18. The stock has a 50 day moving average of $96.72 and a 200-day moving average of $118.44. Hamilton Lane Inc. has a 52 week low of $84.08 and a 52 week high of $179.19. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21.

Analyst Upgrades and Downgrades

HLNE has been the subject of several research analyst reports. Oppenheimer lowered their price objective on Hamilton Lane from $230.00 to $171.00 and set an “outperform” rating for the company in a report on Monday, April 13th. JPMorgan Chase & Co. lowered their price objective on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a report on Monday. Zacks Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. BMO Capital Markets lowered their target price on Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Finally, Morgan Stanley lowered their target price 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. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Hamilton Lane currently has an average rating of “Moderate Buy” and a consensus price target of $153.13.

Hamilton Lane Company Profile

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.