Raymond James Financial Inc. acquired a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 162,658 shares of the company's stock, valued at approximately $24,081,000. Raymond James Financial Inc. owned 0.29% of Hamilton Lane as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue raised its position in Hamilton Lane by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock valued at $705,000 after purchasing an additional 65 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Hamilton Lane by 0.7% in the 4th quarter. Arizona State Retirement System now owns 11,166 shares of the company's stock worth $1,653,000 after acquiring an additional 80 shares during the period. Lifestyle Asset Management Inc. boosted its position in shares of Hamilton Lane by 5.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company's stock worth $224,000 after buying an additional 84 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Hamilton Lane by 0.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company's stock worth $2,509,000 after purchasing an additional 93 shares during the last quarter. Finally, Islay Capital Management LLC boosted its stake in shares of Hamilton Lane by 2.2% during the third quarter. Islay Capital Management LLC now owns 4,757 shares of the company's stock valued at $801,000 after acquiring an additional 103 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.
Hamilton Lane Stock Performance
Shares of NASDAQ:HLNE traded up $5.78 during midday trading on Wednesday, hitting $150.52. The company's stock had a trading volume of 235,175 shares, compared to its average volume of 375,156. Hamilton Lane Incorporated has a fifty-two week low of $105.16 and a fifty-two 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. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 27.77 and a beta of 1.28. The stock's 50 day simple moving average is $152.81 and its 200 day simple moving average is $164.92.
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 return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same period in the previous year, the business posted $0.71 EPS. The company's revenue for the quarter was up 34.3% on a year-over-year basis. As a group, research analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.
Hamilton Lane Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.30%. Hamilton Lane's dividend payout ratio is 36.16%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. 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 report on Tuesday, January 21st. The Goldman Sachs Group cut shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price on the stock. in a research report on Monday, January 6th. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $163.00 to $169.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. One research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $173.14.
View Our Latest Research Report on HLNE
Hamilton Lane Company Profile
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Free Report)
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.
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