Arrowstreet Capital Limited Partnership Makes New $12.49 Million Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Arrowstreet Capital Limited Partnership purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 84,342 shares of the company's stock, valued at approximately $12,487,000. Arrowstreet Capital Limited Partnership owned 0.15% of Hamilton Lane as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Orion Portfolio Solutions LLC raised its position in shares of Hamilton Lane by 7.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,080 shares of the company's stock valued at $2,381,000 after purchasing an additional 1,179 shares during the period. Pictet Asset Management Holding SA increased its holdings in Hamilton Lane by 2.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company's stock worth $801,000 after acquiring an additional 108 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Hamilton Lane by 567.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,444 shares of the company's stock worth $510,000 after acquiring an additional 2,928 shares during the period. New Age Alpha Advisors LLC bought a new stake in Hamilton Lane during the 4th quarter worth approximately $1,349,000. Finally, Norges Bank bought a new stake in Hamilton Lane during the 4th quarter worth approximately $68,909,000. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Trading Down 5.9 %

Shares of Hamilton Lane stock traded down $8.62 during trading on Thursday, reaching $138.46. The company's stock had a trading volume of 65,710 shares, compared to its average volume of 540,913. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 25.55 and a beta of 1.32. Hamilton Lane Incorporated has a 52-week low of $108.34 and a 52-week high of $203.72. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The firm's 50-day moving average is $150.57 and its two-hundred day moving average is $163.86.

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Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly 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 analysts' expectations of $158.86 million. During the same period last year, the company posted $0.71 EPS. Hamilton Lane's revenue was up 34.3% on a year-over-year basis. On average, sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.42%. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group cut shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target for the company. in a research note on Monday, January 6th. Wells Fargo & Company cut their price target on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target for the company in a research note on Tuesday, January 21st. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $170.00.

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.