1,739 Shares in Hamilton Lane Incorporated (NASDAQ:HLNE) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,739 shares of the company's stock, valued at approximately $257,000.

A number of other hedge funds have also recently bought and sold shares of the stock. CBIZ Investment Advisory Services LLC raised its holdings in Hamilton Lane by 27.0% in 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 in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after acquiring an additional 221 shares in the last quarter. Icon Wealth Advisors LLC bought a new stake in Hamilton Lane in the third quarter valued at about $111,000. Harvest Fund Management Co. Ltd bought a new position in Hamilton Lane during the third quarter worth about $127,000. Finally, Associated Banc Corp bought a new position in Hamilton Lane during the third quarter worth about $212,000. 97.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HLNE has been the subject of several analyst reports. The Goldman Sachs Group downgraded Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a research report on Monday, January 6th. 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 report on Tuesday, January 21st. Wells Fargo & Company lowered their target price 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. Finally, Keefe, Bruyette & Woods lifted their price target 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Hamilton Lane currently has a consensus rating of "Hold" and an average target price of $170.71.

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Hamilton Lane Price Performance

NASDAQ HLNE traded down $3.59 on Wednesday, hitting $154.02. 308,346 shares of the company were exchanged, compared to its average volume of 382,294. Hamilton Lane Incorporated has a 1-year low of $107.40 and a 1-year high of $203.72. The firm has a 50 day moving average of $153.79 and a two-hundred day moving average of $165.06. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The company has a market cap of $8.54 billion, a P/E ratio of 28.42 and a beta of 1.28.

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

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, March 14th. Hamilton Lane's dividend payout ratio is 36.16%.

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.