Kingsview Wealth Management LLC Takes $2.42 Million Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Kingsview Wealth Management LLC acquired a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,350 shares of the company's stock, valued at approximately $2,421,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State of Alaska Department of Revenue raised its stake 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 valued at $705,000 after purchasing an additional 65 shares in the last quarter. Caitlin John LLC raised its stake in shares of Hamilton Lane by 4.8% during the fourth quarter. Caitlin John LLC now owns 10,223 shares of the company's stock valued at $1,514,000 after purchasing an additional 466 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Hamilton Lane by 10.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,689 shares of the company's stock valued at $1,285,000 after purchasing an additional 789 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Hamilton Lane by 3.2% during the fourth quarter. Retirement Systems of Alabama now owns 50,790 shares of the company's stock valued at $7,519,000 after purchasing an additional 1,552 shares in the last quarter. Finally, OLD National Bancorp IN bought a new stake in shares of Hamilton Lane during the fourth quarter valued at about $222,000. 97.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HLNE has been the topic of a number of research analyst reports. Wells Fargo & Company lifted 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. The Goldman Sachs Group downgraded 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. Keefe, Bruyette & Woods upped their target price 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 upped their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Finally, UBS Group boosted their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Hamilton Lane has an average rating of "Hold" and a consensus price target of $173.14.

Hamilton Lane Stock Down 1.3 %

Shares of NASDAQ HLNE traded down $2.04 during trading hours on Thursday, hitting $151.83. The stock had a trading volume of 463,242 shares, compared to its average volume of 489,208. The company has a market capitalization of $8.42 billion, a P/E ratio of 28.01 and a beta of 1.25. The firm's 50-day moving average price is $156.42 and its two-hundred day moving average price is $163.42. Hamilton Lane Incorporated has a 52 week low of $103.42 and a 52 week high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.37 and a current ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results 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. The firm had revenue of $168.26 million during the quarter, compared to analysts' expectations of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company's revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. Analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.29%. Hamilton Lane's payout ratio is currently 36.16%.

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.