Bryce Point Capital LLC bought a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,982 shares of the company's stock, valued at approximately $441,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Hamilton Lane by 28.4% during the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock worth $577,681,000 after acquiring an additional 863,326 shares during the period. Wellington Management Group LLP grew its holdings in Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock valued at $293,509,000 after buying an additional 413,015 shares during the last quarter. State Street Corp raised its stake in Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company's stock valued at $236,516,000 after purchasing an additional 489,557 shares during the last quarter. Geode Capital Management LLC raised its holdings in Hamilton Lane by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company's stock valued at $170,280,000 after acquiring an additional 44,865 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Hamilton Lane by 10.6% in the 4th quarter. JPMorgan Chase & Co. now owns 689,902 shares of the company's stock worth $102,140,000 after buying an additional 66,378 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.
Hamilton Lane Stock Down 7.3 %
Shares of HLNE stock traded down $10.74 during trading on Thursday, hitting $136.34. 164,477 shares of the company were exchanged, compared to its average volume of 410,149. The business's 50-day simple moving average is $150.57 and its 200 day simple moving average is $163.86. Hamilton Lane Incorporated has a twelve month low of $108.34 and a twelve month high of $203.72. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 24.87 and a beta of 1.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19.
Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same period last year, the company earned $0.71 earnings per share. The business's revenue was up 34.3% compared to the same quarter last year. As a group, analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.
Hamilton Lane Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio is presently 36.16%.
Analyst Upgrades and Downgrades
HLNE has been the subject of several research analyst reports. The Goldman Sachs Group downgraded shares of 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. Wells Fargo & Company dropped their price target on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $170.00.
Read Our Latest Stock Report on HLNE
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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