Commonwealth Equity Services LLC Buys Shares of 4,973 Hamilton Lane Incorporated (NASDAQ:HLNE)

Commonwealth Equity Services LLC purchased a new position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,973 shares of the company's stock, valued at approximately $736,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its stake in Hamilton Lane by 283.3% in 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 purchased a new position in shares of Hamilton Lane during the fourth quarter valued at $213,000. Aigen Investment Management LP bought a new stake in shares of Hamilton Lane in the 4th quarter valued at about $221,000. OLD National Bancorp IN purchased a new stake in Hamilton Lane during the fourth quarter worth $222,000. Finally, Lifestyle Asset Management Inc. boosted its position in Hamilton Lane by 5.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company's stock valued at $224,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

HLNE stock traded down $1.54 during trading on Monday, hitting $134.12. 1,176,730 shares of the company traded hands, compared to its average volume of 404,765. Hamilton Lane Incorporated has a 1 year low of $108.34 and a 1 year high of $203.72. The company has a market cap of $7.44 billion, a PE ratio of 24.75 and a beta of 1.32. The stock's 50-day simple moving average is $152.33 and its 200 day simple moving average is $164.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19.

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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 analyst estimates of $158.86 million. During the same period in the previous year, the firm earned $0.71 EPS. The business's quarterly revenue was up 34.3% on a year-over-year basis. On average, equities analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, March 14th. Hamilton Lane's payout ratio is currently 36.16%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wells Fargo & Company reduced their target price on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. Oppenheimer upgraded 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. The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $170.71.

Hamilton Lane Company 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.