3,594 Shares in Hamilton Lane Incorporated (NASDAQ:HLNE) Acquired by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,594 shares of the company's stock, valued at approximately $532,000.

A number of other large investors have also bought and sold shares of the stock. CBIZ Investment Advisory Services LLC grew its position in shares of Hamilton Lane by 27.0% during 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 during the period. State of Alaska Department of Revenue boosted its stake in Hamilton Lane by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock worth $705,000 after acquiring an additional 65 shares in the last quarter. Arizona State Retirement System raised its holdings in Hamilton Lane by 0.7% in the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company's stock worth $1,653,000 after buying an additional 80 shares during the last quarter. Lifestyle Asset Management Inc. raised its stake in shares of Hamilton Lane by 5.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company's stock worth $224,000 after purchasing an additional 84 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in Hamilton Lane by 0.6% in the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company's stock valued at $2,509,000 after acquiring an additional 93 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. 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 research note on Thursday, March 20th. Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price on the stock. in a research note on Monday, January 6th. Finally, Oppenheimer raised 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 note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $170.71.

Hamilton Lane Trading Down 2.3 %

Shares of NASDAQ HLNE traded down $3.59 during trading on Wednesday, hitting $154.02. 308,288 shares of the company traded hands, compared to its average volume of 382,294. The company has a 50-day moving average price of $153.79 and a 200-day moving average price of $165.06. The firm has a market capitalization of $8.54 billion, a P/E ratio of 28.42 and a beta of 1.28. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a 1 year low of $107.40 and a 1 year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly 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. The firm had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. Hamilton Lane's revenue for the quarter was up 34.3% on a year-over-year basis. During the same period 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 Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.27%. Hamilton Lane's dividend payout ratio is presently 36.16%.

Hamilton Lane Profile

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.