KLP Kapitalforvaltning AS Makes New $1.17 Million Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

KLP Kapitalforvaltning AS bought a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,900 shares of the company's stock, valued at approximately $1,173,000.

A number of other hedge funds have also made changes to their positions in the company. CBIZ Investment Advisory Services LLC grew its stake in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after acquiring an additional 61 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after purchasing an additional 221 shares in the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of Hamilton Lane in the third quarter valued at approximately $111,000. R Squared Ltd purchased a new position in shares of Hamilton Lane during the 4th quarter worth approximately $213,000. Finally, Aigen Investment Management LP acquired a new position in shares of Hamilton Lane during the 4th quarter worth approximately $221,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price target on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a report on Tuesday, January 21st. 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 on the stock. in a research note on Monday, January 6th. One research 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. According to MarketBeat.com, Hamilton Lane currently has an average rating of "Hold" and an average price target of $170.71.

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Hamilton Lane Trading Down 9.4 %

HLNE traded down $14.59 during midday trading on Thursday, hitting $140.89. The company's stock had a trading volume of 656,873 shares, compared to its average volume of 397,475. The firm has a market cap of $7.81 billion, a P/E ratio of 25.99 and a beta of 1.28. Hamilton Lane Incorporated has a 52-week low of $108.34 and a 52-week high of $203.72. 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 firm has a 50-day moving average price of $153.33 and a two-hundred day moving average price of $164.84.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same quarter in the prior year, the business posted $0.71 earnings per share. Hamilton Lane's revenue for the quarter was up 34.3% compared to the same quarter last year. On average, research analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently declared 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. This represents a $1.96 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is presently 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.