Guggenheim Capital LLC Raises Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Guggenheim Capital LLC raised its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 94.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,013 shares of the company's stock after acquiring an additional 2,429 shares during the quarter. Guggenheim Capital LLC's holdings in Hamilton Lane were worth $742,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLNE. CBIZ Investment Advisory Services LLC grew its stake in shares of Hamilton Lane by 27.0% during the fourth 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 last quarter. State of Alaska Department of Revenue raised its position in Hamilton Lane by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock valued at $705,000 after purchasing an additional 65 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Hamilton Lane by 0.7% in the 4th quarter. Arizona State Retirement System now owns 11,166 shares of the company's stock worth $1,653,000 after buying an additional 80 shares during the period. Lifestyle Asset Management Inc. grew its position in shares of Hamilton Lane by 5.9% during the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company's stock worth $224,000 after buying an additional 84 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Hamilton Lane by 6.0% in the fourth quarter. HighTower Advisors LLC now owns 1,824 shares of the company's stock worth $270,000 after acquiring an additional 103 shares during the period. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Trading Up 0.2 %

Shares of HLNE traded up $0.33 during trading on Friday, reaching $148.34. 367,167 shares of the company traded hands, compared to its average volume of 428,190. Hamilton Lane Incorporated has a twelve month low of $110.90 and a twelve month 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 stock has a 50-day simple moving average of $145.61 and a 200-day simple moving average of $161.28. The stock has a market cap of $8.22 billion, a PE ratio of 27.37 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results 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. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The business's quarterly revenue was up 34.3% on a year-over-year basis. On average, analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's payout ratio is 36.16%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HLNE. Morgan Stanley cut their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company reduced their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target for the company. in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Hamilton Lane has an average rating of "Hold" and a consensus 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.