Jump Financial LLC Invests $2.74 Million in Hamilton Lane Incorporated (NASDAQ:HLNE)

Jump Financial LLC acquired a new position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,488 shares of the company's stock, valued at approximately $2,737,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its holdings 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 buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after buying an additional 221 shares during the last quarter. R Squared Ltd bought a new position in Hamilton Lane during the fourth quarter worth about $213,000. Aigen Investment Management LP bought a new position in Hamilton Lane during the fourth quarter worth about $221,000. Finally, OLD National Bancorp IN bought a new position in Hamilton Lane during the fourth quarter worth about $222,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HLNE shares. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Morgan Stanley cut their price objective on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective on the stock. in a report on Monday, January 6th. Finally, Wells Fargo & Company cut their price objective on 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 analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $165.29.

Hamilton Lane Stock Up 5.6 %

NASDAQ HLNE traded up $7.62 during trading on Wednesday, hitting $144.30. The stock had a trading volume of 84,884 shares, compared to its average volume of 422,332. The company has a market capitalization of $8.00 billion, a PE ratio of 26.62 and a beta of 1.32. The company's 50-day moving average price is $146.24 and its two-hundred day moving average price is $161.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a 12 month low of $109.96 and a 12 month high of $203.72.

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, topping analysts' consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. During the same quarter in the prior year, the business posted $0.71 EPS. The business's revenue was up 34.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio is currently 36.16%.

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.