Norges Bank Invests $68.91 Million in Hamilton Lane Incorporated (NASDAQ:HLNE)

Norges Bank purchased a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 465,445 shares of the company's stock, valued at approximately $68,909,000. Norges Bank owned approximately 0.84% of Hamilton Lane at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CBIZ Investment Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 61 shares during the period. Farther Finance Advisors LLC lifted its stake in Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after acquiring an additional 221 shares during the period. R Squared Ltd purchased a new stake in shares of Hamilton Lane in the 4th quarter valued at $213,000. Aigen Investment Management LP acquired a new stake in shares of Hamilton Lane in the fourth quarter worth $221,000. Finally, OLD National Bancorp IN purchased a new position in Hamilton Lane during the fourth quarter valued at approximately $222,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

HLNE has been the topic of several recent analyst reports. Oppenheimer raised 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 research note on Tuesday, January 21st. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Wells Fargo & Company cut their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group lowered 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's stock. According to data from MarketBeat, Hamilton Lane has a consensus rating of "Hold" and a consensus price target of $170.00.

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Hamilton Lane Price Performance

HLNE stock traded down $7.47 during mid-day trading on Tuesday, reaching $126.65. The company's stock had a trading volume of 791,681 shares, compared to its average volume of 406,774. The stock has a market cap of $7.02 billion, a PE ratio of 23.37 and a beta of 1.32. The company's 50 day moving average is $151.06 and its two-hundred day moving average is $164.10. Hamilton Lane Incorporated has a fifty-two week low of $108.34 and a fifty-two 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.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (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 analysts' expectations of $158.86 million. During the same period last year, the business earned $0.71 earnings per share. Hamilton Lane's revenue was up 34.3% compared to the same quarter last year. Equities research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio 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.