35,493 Shares in Hamilton Lane Incorporated (NASDAQ:HLNE) Bought by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,493 shares of the company's stock, valued at approximately $5,255,000. Magnetar Financial LLC owned 0.06% of Hamilton Lane at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC increased its stake in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after acquiring an additional 61 shares during the period. State of Alaska Department of Revenue increased its position in shares of Hamilton Lane by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock worth $705,000 after purchasing an additional 65 shares during the period. Arizona State Retirement System raised its stake in Hamilton Lane by 0.7% in the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company's stock valued at $1,653,000 after purchasing an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. lifted 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 purchasing an additional 84 shares during the period. Finally, Orion Portfolio Solutions LLC grew its stake in Hamilton Lane by 0.6% during the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company's stock worth $2,509,000 after buying an additional 93 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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Hamilton Lane Price Performance

Shares of NASDAQ HLNE traded up $5.25 during midday trading on Monday, reaching $155.89. 457,738 shares of the company were exchanged, compared to its average volume of 381,811. Hamilton Lane Incorporated has a one year low of $107.22 and a one year high of $203.72. The stock has a market cap of $8.64 billion, a P/E ratio of 28.76 and a beta of 1.28. 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 stock's 50-day moving average price is $153.46 and its 200-day moving average price is $164.98.

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

Hamilton Lane Dividend Announcement

The firm 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. The ex-dividend date is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.26%. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating for the company in a research report on Thursday. The Goldman Sachs Group downgraded Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price on the stock. in a report on Monday, January 6th. Finally, Oppenheimer raised 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 equities research 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 currently has a consensus rating of "Hold" and an average price target of $170.71.

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.