Dynamic Technology Lab Private Ltd Buys New Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Dynamic Technology Lab Private Ltd purchased 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 disclosure with the Securities & Exchange Commission. The fund purchased 4,400 shares of the company's stock, valued at approximately $651,000.

A number of other hedge funds have also modified their holdings of the company. CBIZ Investment Advisory Services LLC boosted its stake in shares of 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 acquiring an additional 61 shares during the period. Farther Finance Advisors LLC increased its position in Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after purchasing an additional 221 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Hamilton Lane during the 4th quarter valued at about $213,000. Aigen Investment Management LP bought a new stake in shares of Hamilton Lane in the 4th quarter valued at approximately $221,000. Finally, OLD National Bancorp IN bought a new stake in Hamilton Lane in the fourth quarter worth $222,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Stock Down 0.6 %

HLNE stock traded down $0.86 on Friday, hitting $137.21. 549,751 shares of the company's stock were exchanged, compared to its average volume of 414,416. The firm has a 50 day moving average price of $149.69 and a two-hundred day moving average price of $163.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a 12-month low of $108.34 and a 12-month high of $203.72. The stock has a market cap of $7.61 billion, a P/E ratio of 25.32 and a beta of 1.32.

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Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. The firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. Hamilton Lane's revenue was up 34.3% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS. As a group, equities research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently announced 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 dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's payout ratio is 36.16%.

Analyst Ratings Changes

Several brokerages have issued reports on HLNE. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price for the company in a research report on Tuesday, January 21st. The Goldman Sachs Group downgraded Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. 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. Based on data from MarketBeat, Hamilton Lane currently has a consensus rating of "Hold" and a consensus target price of $170.00.

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.