Illinois Municipal Retirement Fund acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,988 shares of the company's stock, valued at approximately $590,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in shares of Hamilton Lane by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock worth $705,000 after buying an additional 65 shares in the last quarter. Lifestyle Asset Management Inc. boosted its position in Hamilton Lane by 5.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company's stock worth $224,000 after acquiring an additional 84 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in Hamilton Lane by 0.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company's stock worth $2,509,000 after acquiring an additional 93 shares during the period. Islay Capital Management LLC raised its holdings in Hamilton Lane by 2.2% in the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company's stock valued at $801,000 after acquiring an additional 103 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Hamilton Lane by 6.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company's stock worth $303,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.
Hamilton Lane Stock Down 1.1 %
Shares of HLNE traded down $1.65 during trading on Friday, reaching $145.94. The company's stock had a trading volume of 718,095 shares, compared to its average volume of 510,304. Hamilton Lane Incorporated has a twelve month low of $103.42 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 company has a market cap of $8.09 billion, a price-to-earnings ratio of 26.93 and a beta of 1.25. The company has a fifty day moving average of $153.85 and a two-hundred day moving average of $165.09.
Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating analysts' consensus estimates 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 firm's revenue was up 34.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. On average, sell-side analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.
Hamilton Lane Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, March 14th. Hamilton Lane's dividend payout ratio is currently 36.16%.
Analysts Set New Price Targets
Several analysts have commented on HLNE shares. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target for the company in a report on Tuesday, January 21st. The Goldman Sachs Group lowered 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. Morgan Stanley boosted their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. 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's stock. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of "Hold" and an average price target of $173.14.
Check Out Our Latest Stock Report on HLNE
About Hamilton Lane
(
Free Report)
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.
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