Cookson Peirce & Co. Inc. Raises Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Cookson Peirce & Co. Inc. lifted its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 56.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,114 shares of the company's stock after acquiring an additional 1,837 shares during the period. Cookson Peirce & Co. Inc.'s holdings in Hamilton Lane were worth $757,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HLNE. FMR LLC boosted its stake in Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company's stock valued at $936,000 after acquiring an additional 3,922 shares in the last quarter. Retirement Systems of Alabama purchased a new stake in shares of Hamilton Lane in the 3rd quarter valued at about $8,291,000. Icon Wealth Advisors LLC acquired a new stake in shares of Hamilton Lane in the 3rd quarter valued at about $819,000. Royce & Associates LP purchased a new position in Hamilton Lane during the 3rd quarter worth approximately $538,000. Finally, Teachers Retirement System of The State of Kentucky increased its position in Hamilton Lane by 41.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company's stock worth $3,522,000 after buying an additional 6,178 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

NASDAQ HLNE traded down $1.65 on Friday, hitting $145.94. 718,095 shares of the company's stock were exchanged, compared to its average volume of 510,304. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 26.93 and a beta of 1.28. The firm's 50-day moving average price is $153.73 and its two-hundred day moving average price is $165.26. Hamilton Lane Incorporated has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19.

Remove Ads

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm's revenue was up 34.3% on a year-over-year basis. On average, research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, March 14th. Hamilton Lane's payout ratio is currently 36.16%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HLNE. Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a report on Tuesday, January 21st. Morgan Stanley raised their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. 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 note on Monday, January 6th. Finally, Wells Fargo & Company boosted their price target on Hamilton Lane from $163.00 to $169.00 and gave the company an "equal weight" 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 given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $173.14.

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.