Alliancebernstein L.P. Increases Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Alliancebernstein L.P. lifted its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,870 shares of the company's stock after buying an additional 11,349 shares during the period. Alliancebernstein L.P. owned about 0.21% of Hamilton Lane worth $16,858,000 at the end of the most recent reporting period.

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

Hamilton Lane Stock Down 0.2 %

Shares of HLNE stock traded down $0.33 on Monday, hitting $136.88. The stock had a trading volume of 91,187 shares, compared to its average volume of 413,244. Hamilton Lane Incorporated has a one year low of $108.34 and a one year high of $203.72. The business has a 50 day moving average price of $149.69 and a 200 day moving average price of $163.43. The company has a market cap of $7.59 billion, a PE ratio of 25.25 and a beta of 1.32. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

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Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. The business 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%. The company's quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. Research analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.43%. Hamilton Lane's dividend payout ratio is presently 36.16%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of 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. 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 note on Wednesday, February 5th. Wells Fargo & Company cut 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. Finally, Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Hamilton Lane has an average rating of "Hold" and an average target price of $170.00.

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.