Alberta Investment Management Corp Grows Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Alberta Investment Management Corp increased its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,855 shares of the company's stock after purchasing an additional 3,294 shares during the quarter. Alberta Investment Management Corp owned about 0.05% of Hamilton Lane worth $4,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLNE. CWM LLC increased its position in shares of Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company's stock valued at $85,000 after acquiring an additional 100 shares during the period. Icon Wealth Advisors LLC bought a new stake in Hamilton Lane in the 3rd quarter worth about $111,000. Harvest Fund Management Co. Ltd bought a new position in shares of Hamilton Lane in the 3rd quarter worth approximately $127,000. KBC Group NV raised its holdings in Hamilton Lane by 18.0% in the 3rd quarter. KBC Group NV now owns 1,141 shares of the company's stock worth $192,000 after purchasing an additional 174 shares during the period. Finally, Associated Banc Corp purchased a new stake in Hamilton Lane in the 3rd quarter worth approximately $212,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Stock Performance

HLNE stock traded down $5.80 during midday trading on Friday, reaching $151.46. The stock had a trading volume of 641,616 shares, compared to its average volume of 501,427. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The firm has a fifty day simple moving average of $154.28 and a two-hundred day simple moving average of $164.19. The stock has a market cap of $8.40 billion, a PE ratio of 27.94 and a beta of 1.25. Hamilton Lane Incorporated has a 52-week low of $103.42 and a 52-week high of $203.72.

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

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.29%. Hamilton Lane's dividend payout ratio (DPR) is currently 36.16%.

Analysts Set New Price Targets

HLNE has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective on the stock. in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Hamilton Lane has a consensus rating of "Hold" and a consensus price target of $173.14.

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.