Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 81.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,116 shares of the company's stock after acquiring an additional 8,123 shares during the period. Intech Investment Management LLC's holdings in Hamilton Lane were worth $2,682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC raised its stake in Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after purchasing an additional 61 shares during the period. Farther Finance Advisors LLC raised its position in shares of Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after buying an additional 221 shares during the period. Icon Wealth Advisors LLC purchased a new stake in shares of Hamilton Lane during the 3rd quarter valued at approximately $111,000. Harvest Fund Management Co. Ltd acquired a new position in Hamilton Lane in the third quarter valued at approximately $127,000. Finally, KBC Group NV grew its position in Hamilton Lane by 18.0% in 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. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HLNE shares. Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company dropped their price target on shares of Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating for the company in a research report on Thursday. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a report on Monday, January 6th. 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $170.71.

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Hamilton Lane Stock Up 3.5 %

HLNE traded up $5.25 during trading hours on Monday, hitting $155.89. 457,738 shares of the company's stock were exchanged, compared to its average volume of 381,810. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a 12-month low of $107.22 and a 12-month high of $203.72. The firm has a market cap of $8.64 billion, a P/E ratio of 28.76 and a beta of 1.28. The firm has a 50 day moving average of $153.10 and a 200 day moving average of $164.92.

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

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane's dividend payout ratio is presently 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.