Icon Wealth Advisors LLC Buys New Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Icon Wealth Advisors LLC bought a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,865 shares of the company's stock, valued at approximately $819,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Covestor Ltd increased its holdings in Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company's stock valued at $34,000 after buying an additional 298 shares during the period. Quarry LP raised its position in shares of Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company's stock worth $38,000 after acquiring an additional 234 shares in the last quarter. Signaturefd LLC raised its position in shares of Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company's stock worth $78,000 after acquiring an additional 73 shares in the last quarter. CWM LLC lifted its stake in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after purchasing an additional 100 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company's stock valued at $86,000 after purchasing an additional 358 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on HLNE. Wells Fargo & Company boosted their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a "market perform" rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price target on Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane currently has a consensus rating of "Hold" and a consensus target price of $180.33.

Hamilton Lane Stock Performance

Hamilton Lane stock traded up $1.38 during trading hours on Friday, hitting $199.55. 264,915 shares of the stock traded hands, compared to its average volume of 351,294. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The firm's 50 day moving average price is $177.45 and its 200-day moving average price is $147.64. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 43.29 and a beta of 1.18. Hamilton Lane Incorporated has a 1 year low of $93.60 and a 1 year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The firm had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company's revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts expect that Hamilton Lane Incorporated will post 4.87 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 0.98%. Hamilton Lane's dividend payout ratio (DPR) is presently 42.52%.

Hamilton Lane Company 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.