California Public Employees Retirement System Raises Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

California Public Employees Retirement System boosted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 29.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 51,510 shares of the company's stock after acquiring an additional 11,649 shares during the quarter. California Public Employees Retirement System owned 0.09% of Hamilton Lane worth $7,626,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HLNE. Vanguard Group Inc. grew its position in shares of Hamilton Lane by 28.4% in the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after purchasing an additional 863,326 shares during the period. State Street Corp boosted its holdings in Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company's stock worth $236,516,000 after buying an additional 489,557 shares during the last quarter. Geode Capital Management LLC increased its stake in Hamilton Lane by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company's stock worth $186,111,000 after buying an additional 25,657 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Hamilton Lane by 10.6% during the fourth quarter. JPMorgan Chase & Co. now owns 689,902 shares of the company's stock valued at $102,140,000 after acquiring an additional 66,378 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock valued at $98,297,000 after acquiring an additional 97,924 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research note on Tuesday. The Goldman Sachs Group cut 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. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods raised 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 note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $170.00.

Hamilton Lane Trading Down 0.6 %

HLNE traded down $0.86 on Friday, hitting $137.21. The company had a trading volume of 549,751 shares, compared to its average volume of 413,393. 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 firm has a market cap of $7.61 billion, a P/E ratio of 25.32 and a beta of 1.32. The company's fifty day moving average price is $149.69 and its 200 day moving average price is $163.46. Hamilton Lane Incorporated has a 1 year low of $108.34 and a 1 year high of $203.72.

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 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 the consensus estimate of $158.86 million. During the same quarter last year, the firm earned $0.71 EPS. The firm's revenue for the quarter was up 34.3% on a year-over-year basis. As a group, equities analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors 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 dividend yield of 1.43%. Hamilton Lane's dividend payout ratio is presently 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.