Grandeur Peak Global Advisors LLC Makes New Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Grandeur Peak Global Advisors LLC purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,507 shares of the company's stock, valued at approximately $2,296,000.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC lifted its holdings in shares of Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company's stock worth $936,000 after buying an additional 3,922 shares in the last quarter. HighTower Advisors LLC bought a new stake in Hamilton Lane during the 3rd quarter worth approximately $291,000. Integrated Wealth Concepts LLC lifted its stake in Hamilton Lane by 6.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company's stock worth $303,000 after purchasing an additional 106 shares in the last quarter. Stifel Financial Corp boosted its holdings in Hamilton Lane by 7.6% in the 3rd quarter. Stifel Financial Corp now owns 40,527 shares of the company's stock valued at $6,824,000 after purchasing an additional 2,867 shares during the period. Finally, Wolverine Trading LLC grew its position in shares of Hamilton Lane by 265.4% during the 3rd quarter. Wolverine Trading LLC now owns 3,308 shares of the company's stock valued at $551,000 after purchasing an additional 5,308 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

HLNE traded up $0.48 during mid-day trading on Tuesday, reaching $141.35. 337,491 shares of the company traded hands, compared to its average volume of 415,863. The stock has a market capitalization of $7.84 billion, a P/E ratio of 26.08 and a beta of 1.32. Hamilton Lane Incorporated has a 52-week low of $108.34 and a 52-week high of $203.72. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The company's fifty day moving average price is $148.59 and its 200-day moving average price is $163.10.

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Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company's quarterly revenue was up 34.3% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. On average, sell-side analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, March 14th. Hamilton Lane's payout ratio is currently 36.16%.

Wall Street Analysts Forecast Growth

HLNE has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. Morgan Stanley cut their price objective on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a report on Monday. 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 note on Wednesday, February 5th. Finally, Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $165.29.

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.