Charles Schwab Investment Management Inc. Increases Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Charles Schwab Investment Management Inc. grew its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 357,957 shares of the company's stock after acquiring an additional 9,551 shares during the period. Charles Schwab Investment Management Inc. owned about 0.65% of Hamilton Lane worth $52,996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HLNE. Icon Wealth Advisors LLC purchased a new stake in Hamilton Lane in the 3rd quarter valued at approximately $111,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Hamilton Lane in the third quarter valued at approximately $127,000. KBC Group NV grew its holdings in Hamilton Lane by 18.0% during the third quarter. KBC Group NV now owns 1,141 shares of the company's stock worth $192,000 after acquiring an additional 174 shares during the period. Associated Banc Corp purchased a new position in Hamilton Lane in the third quarter worth $212,000. Finally, R Squared Ltd acquired a new stake in Hamilton Lane in the fourth quarter valued at $213,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on HLNE. Keefe, Bruyette & Woods upped their price target on shares of 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 upped their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Oppenheimer upgraded 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 report on Tuesday, January 21st. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of "Hold" and an average price target of $173.14.

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Hamilton Lane Price Performance

Shares of NASDAQ HLNE traded up $2.59 on Monday, hitting $145.15. The company's stock had a trading volume of 498,984 shares, compared to its average volume of 374,499. The stock has a 50 day moving average of $152.89 and a 200-day moving average of $165.02. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 26.78 and a beta of 1.28. Hamilton Lane Incorporated has a 12-month low of $105.16 and a 12-month 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.

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

Hamilton Lane Announces Dividend

The business 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 dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane's payout ratio is currently 36.16%.

Hamilton Lane 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.