Y Intercept Hong Kong Ltd Acquires Shares of 3,569 Hamilton Lane Incorporated (NASDAQ:HLNE)

Y Intercept Hong Kong Ltd bought a new position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,569 shares of the company's stock, valued at approximately $528,000.

Several other institutional investors have also modified their holdings of HLNE. State Street Corp increased its holdings in shares of Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company's stock worth $236,516,000 after buying an additional 489,557 shares during the last quarter. Wellington Management Group LLP grew its position in Hamilton Lane by 31.1% in the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock worth $293,509,000 after acquiring an additional 413,015 shares during the period. Artemis Investment Management LLP purchased a new position in Hamilton Lane in the fourth quarter worth approximately $30,350,000. Barclays PLC increased its stake in Hamilton Lane by 84.5% during the third quarter. Barclays PLC now owns 246,383 shares of the company's stock worth $41,488,000 after acquiring an additional 112,866 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock valued at $98,297,000 after purchasing an additional 97,924 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Up 4.1 %

Shares of HLNE stock traded up $6.09 during trading hours on Wednesday, reaching $153.03. 466,543 shares of the stock were exchanged, compared to its average volume of 505,389. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane Incorporated has a 12-month low of $103.42 and a 12-month high of $203.72. The firm has a market capitalization of $8.48 billion, a P/E ratio of 28.23 and a beta of 1.25. The business's fifty day moving average is $153.93 and its two-hundred day moving average is $165.30.

Remove Ads

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million during the quarter, compared to analysts' expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company's revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. As a group, research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HLNE. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Wells Fargo & Company increased their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. The Goldman Sachs Group cut shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a research report on Monday, January 6th. Finally, Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $173.14.

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.