Geneva Capital Management LLC Has $37.99 Million Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Geneva Capital Management LLC cut its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 256,587 shares of the company's stock after selling 2,152 shares during the period. Geneva Capital Management LLC owned 0.46% of Hamilton Lane worth $37,988,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Icon Wealth Advisors LLC acquired a new stake in Hamilton Lane during the 3rd quarter worth approximately $111,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Hamilton Lane during the third quarter worth $127,000. KBC Group NV boosted its position in shares of Hamilton Lane by 18.0% in the third quarter. KBC Group NV now owns 1,141 shares of the company's stock valued at $192,000 after acquiring an additional 174 shares during the period. Associated Banc Corp acquired a new position in shares of Hamilton Lane in the third quarter valued at about $212,000. Finally, R Squared Ltd bought a new position in Hamilton Lane during the fourth quarter worth about $213,000. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Trading Down 5.5 %

Hamilton Lane stock traded down $8.07 during mid-day trading on Monday, hitting $137.87. 587,446 shares of the stock were exchanged, compared to its average volume of 367,067. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 25.44 and a beta of 1.28. Hamilton Lane Incorporated has a 12 month low of $105.09 and a 12 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 firm's fifty day simple moving average is $153.73 and its two-hundred day simple moving average is $165.40.

Remove Ads

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.12. The business had revenue of $168.26 million during 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%. Hamilton Lane's quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, March 14th. Hamilton Lane's payout ratio is 36.16%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price 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. The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. in a research note on Monday, January 6th. Wells Fargo & Company upped their target price on Hamilton Lane from $163.00 to $169.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Morgan Stanley lifted their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Finally, Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $173.14.

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.