Headlands Technologies LLC Purchases New Shares in Hamilton Lane Incorporated (NASDAQ:HLNE)

Headlands Technologies LLC purchased a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,178 shares of the company's stock, valued at approximately $767,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Hamilton Lane by 28.4% during the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock worth $577,681,000 after buying an additional 863,326 shares during the period. State Street Corp increased its position in shares of Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company's stock worth $236,516,000 after acquiring an additional 489,557 shares in the last quarter. Norges Bank acquired a new stake in shares of Hamilton Lane during the fourth quarter worth $68,909,000. Wellington Management Group LLP raised its holdings in shares of Hamilton Lane by 31.1% during the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock worth $293,509,000 after acquiring an additional 413,015 shares during the period. Finally, Artemis Investment Management LLP bought a new stake in Hamilton Lane in the 4th quarter valued at $30,350,000. Institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

HLNE has been the subject of a number of research reports. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price for the company 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 stock a "market perform" rating in a report on Wednesday, February 5th. Wells Fargo & Company cut their target price on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group cut shares of 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $170.71.

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Hamilton Lane Stock Performance

Shares of HLNE traded down $2.35 during mid-day trading on Monday, reaching $133.31. The company's stock had a trading volume of 421,066 shares, compared to its average volume of 401,899. Hamilton Lane Incorporated has a 1-year low of $108.34 and a 1-year high of $203.72. The business has a 50-day simple moving average of $152.82 and a two-hundred day simple moving average of $164.81. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market cap of $7.39 billion, a P/E ratio of 24.38 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. The firm 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 company's quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, equities research analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.47%. Hamilton Lane's dividend 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.