AXQ Capital LP acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,825 shares of the company's stock, valued at approximately $270,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HLNE. CBIZ Investment Advisory Services LLC raised its position in shares of Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after acquiring an additional 221 shares during the period. Icon Wealth Advisors LLC acquired a new position in Hamilton Lane in the 3rd quarter valued at $111,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Hamilton Lane during the 3rd quarter worth $127,000. Finally, Associated Banc Corp acquired a new stake in shares of Hamilton Lane during the third quarter worth $212,000. Hedge funds and other institutional investors own 97.40% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on HLNE shares. Oppenheimer upgraded 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. Wells Fargo & Company cut their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of "Hold" and a consensus target price of $170.71.
View Our Latest Stock Report on Hamilton Lane
Hamilton Lane Trading Down 2.1 %
HLNE traded down $3.21 during trading on Thursday, hitting $150.81. 357,341 shares of the company's stock were exchanged, compared to its average volume of 382,480. Hamilton Lane Incorporated has a 1 year low of $108.34 and a 1 year high of $203.72. The stock has a 50 day moving average price of $153.98 and a 200 day moving average price of $164.98. The firm has a market cap of $8.36 billion, a P/E ratio of 27.82 and a beta of 1.28. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.
Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping 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 firm had revenue of $168.26 million during the quarter, compared to analysts' expectations of $158.86 million. During the same period in the prior year, the company earned $0.71 EPS. The firm's revenue was up 34.3% on a year-over-year basis. As a group, analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.
Hamilton Lane Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.30%. Hamilton Lane's payout ratio is currently 36.16%.
Hamilton Lane Profile
(
Free Report)
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.
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