LPL Financial LLC Increases Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

LPL Financial LLC raised its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 27.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,816 shares of the company's stock after acquiring an additional 2,101 shares during the period. LPL Financial LLC's holdings in Hamilton Lane were worth $1,453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Hamilton Lane by 20.2% during the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock valued at $98,297,000 after purchasing an additional 97,924 shares during the period. American Century Companies Inc. lifted its stake in Hamilton Lane by 7.7% in the fourth quarter. American Century Companies Inc. now owns 551,466 shares of the company's stock worth $81,645,000 after acquiring an additional 39,342 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Hamilton Lane by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 357,957 shares of the company's stock worth $52,996,000 after acquiring an additional 9,551 shares during the period. Bank of New York Mellon Corp lifted its stake in Hamilton Lane by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 356,226 shares of the company's stock worth $52,739,000 after acquiring an additional 7,932 shares during the period. Finally, TimesSquare Capital Management LLC lifted its stake in Hamilton Lane by 26.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 315,468 shares of the company's stock worth $46,705,000 after acquiring an additional 65,308 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Stock Performance

Hamilton Lane stock traded up $8.19 during midday trading on Wednesday, reaching $144.87. 34,466 shares of the company traded hands, compared to its average volume of 543,394. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 26.73 and a beta of 1.32. The business has a 50 day moving average of $146.24 and a two-hundred day moving average of $161.91. Hamilton Lane Incorporated has a 12 month low of $109.96 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 for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. The company had revenue of $168.26 million for 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%. The firm's revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 earnings per share. As a group, research analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.35%. Hamilton Lane's payout ratio is presently 36.16%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. 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 report on Tuesday, January 21st. The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Morgan Stanley cut their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Wells Fargo & Company cut their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $165.29.

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.