Los Angeles Capital Management LLC Purchases 5,160 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Los Angeles Capital Management LLC lifted its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 24.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,275 shares of the company's stock after purchasing an additional 5,160 shares during the period. Los Angeles Capital Management LLC's holdings in Hamilton Lane were worth $3,890,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in HLNE. FMR LLC raised its stake in shares of Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company's stock valued at $936,000 after buying an additional 3,922 shares during the period. Retirement Systems of Alabama bought a new stake in Hamilton Lane in the 3rd quarter valued at about $8,291,000. Icon Wealth Advisors LLC purchased a new stake in Hamilton Lane during the third quarter valued at about $819,000. Royce & Associates LP bought a new position in Hamilton Lane during the third quarter worth about $538,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Hamilton Lane by 41.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company's stock worth $3,522,000 after purchasing an additional 6,178 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Down 2.4 %

Shares of HLNE traded down $3.73 during trading hours on Monday, hitting $152.59. The company had a trading volume of 479,293 shares, compared to its average volume of 507,218. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 28.15 and a beta of 1.25. The firm has a fifty day moving average price of $153.95 and a 200-day moving average price of $165.20. 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 4.19 and a current ratio of 4.19.

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Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating 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 business 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 earned $0.71 EPS. The business's revenue for the quarter was up 34.3% compared to the same quarter last year. On average, equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is currently 36.16%.

Wall Street Analyst Weigh In

HLNE has been the subject of several recent research reports. The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target for the company. in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price objective on shares of Hamilton Lane from $163.00 to $169.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Morgan Stanley upped their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Finally, Oppenheimer raised shares of 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $173.14.

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.