Quantbot Technologies LP Buys New Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Quantbot Technologies LP acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,306 shares of the company's stock, valued at approximately $2,562,000.

Other hedge funds also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC grew its position in shares of 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 buying an additional 61 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after purchasing an additional 221 shares in the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Hamilton Lane during the third quarter valued at $111,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Hamilton Lane in the third quarter valued at about $127,000. Finally, Associated Banc Corp acquired a new stake in Hamilton Lane during the 3rd quarter valued at approximately $212,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Stock Down 2.1 %

Hamilton Lane stock traded down $3.21 during trading on Thursday, reaching $150.81. The stock had a trading volume of 357,341 shares, compared to its average volume of 382,480. Hamilton Lane Incorporated has a 52-week low of $108.34 and a 52-week high of $203.72. The business has a 50 day moving average price of $153.98 and a 200 day moving average price of $164.98. 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 has a market cap of $8.36 billion, a PE ratio of 27.82 and a beta of 1.28.

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Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $158.86 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company's revenue was up 34.3% compared to the same quarter last year. On average, analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price for the company in a research note on Tuesday, January 21st. Wells Fargo & Company reduced their price objective on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. The Goldman Sachs Group cut 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, Keefe, Bruyette & Woods upped 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. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $170.71.

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.