Artisan Partners Limited Partnership Raises Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Artisan Partners Limited Partnership increased its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 263,643 shares of the company's stock after acquiring an additional 14,054 shares during the period. Artisan Partners Limited Partnership owned approximately 0.48% of Hamilton Lane worth $39,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC boosted its holdings in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after acquiring an additional 61 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after purchasing an additional 221 shares in the last quarter. Icon Wealth Advisors LLC purchased a new position in shares of Hamilton Lane in the third quarter valued at approximately $111,000. R Squared Ltd acquired a new position in shares of Hamilton Lane in the fourth quarter valued at approximately $213,000. Finally, Aigen Investment Management LP purchased a new stake in Hamilton Lane during the 4th quarter worth approximately $221,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Up 1.1 %

Shares of HLNE traded up $1.59 during mid-day trading on Monday, reaching $148.67. The company's stock had a trading volume of 399,803 shares, compared to its average volume of 394,646. The company's 50 day moving average is $153.94 and its 200 day moving average is $165.09. The stock has a market cap of $8.24 billion, a PE ratio of 27.43 and a beta of 1.28. Hamilton Lane Incorporated has a 12-month low of $108.34 and a 12-month high of $203.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19.

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

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.32%. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. Keefe, Bruyette & Woods boosted their target price on 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 lowered Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. 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 price objective for the company in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $170.71.

About Hamilton Lane

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.