Canada Pension Plan Investment Board bought a new position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,300 shares of the company's stock, valued at approximately $2,413,000.
Other hedge funds also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC boosted its holdings in Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after purchasing an additional 61 shares in the last quarter. Farther Finance Advisors LLC boosted its stake 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 worth $44,000 after acquiring an additional 221 shares in the last quarter. R Squared Ltd acquired a new position in shares of Hamilton Lane during the 4th quarter valued at about $213,000. Aigen Investment Management LP bought a new position in shares of Hamilton Lane in the 4th quarter valued at approximately $221,000. Finally, OLD National Bancorp IN bought a new position in shares of Hamilton Lane in the 4th quarter valued at approximately $222,000. Institutional investors and hedge funds own 97.40% of the company's stock.
Hamilton Lane Price Performance
Shares of HLNE stock opened at $143.80 on Thursday. Hamilton Lane Incorporated has a 12 month low of $109.96 and a 12 month high of $203.72. The company has a market capitalization of $7.97 billion, a P/E ratio of 26.53 and a beta of 1.32. The stock has a 50 day moving average of $146.00 and a two-hundred day moving average of $161.79. 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 issued its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping 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 firm had revenue of $168.26 million during the quarter, compared to analysts' expectations of $158.86 million. During the same period last year, the business earned $0.71 earnings per share. Hamilton Lane's quarterly revenue was up 34.3% compared to the same quarter last year. As a group, equities analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.
Hamilton Lane Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.
Analyst Upgrades and Downgrades
Several brokerages have commented on HLNE. Wells Fargo & Company lowered their price target on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a report on Tuesday, January 21st. Morgan Stanley decreased their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods lifted their price objective 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. Finally, 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 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 stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $165.29.
Read Our Latest Stock Analysis on HLNE
About Hamilton Lane
(
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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