Retirement Systems of Alabama Acquires 1,552 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Retirement Systems of Alabama boosted its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,790 shares of the company's stock after purchasing an additional 1,552 shares during the period. Retirement Systems of Alabama owned about 0.09% of Hamilton Lane worth $7,519,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HLNE. OLD National Bancorp IN bought a new position in shares of Hamilton Lane during the 4th quarter worth approximately $222,000. R Squared Ltd acquired a new position in Hamilton Lane during the fourth quarter worth $213,000. KBC Group NV lifted its holdings in shares of Hamilton Lane by 2,006.2% during the fourth quarter. KBC Group NV now owns 24,032 shares of the company's stock valued at $3,558,000 after acquiring an additional 22,891 shares during the period. Lifestyle Asset Management Inc. boosted its stake 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 valued at $224,000 after purchasing an additional 84 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Hamilton Lane by 41.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 2,513 shares of the company's stock worth $372,000 after purchasing an additional 741 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Trading Down 1.3 %

Shares of HLNE stock traded down $2.04 on Thursday, reaching $151.83. 463,242 shares of the stock were exchanged, compared to its average volume of 489,208. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 3.37. Hamilton Lane Incorporated has a one year low of $103.42 and a one year high of $203.72. The stock has a market cap of $8.42 billion, a PE ratio of 28.01 and a beta of 1.25. The stock has a 50 day moving average price of $156.42 and a 200 day moving average price of $163.42.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. The company had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company's revenue was up 34.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. Equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders 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 1.29%. The ex-dividend date is Friday, March 14th. Hamilton Lane's payout ratio is 36.16%.

Analyst Ratings Changes

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

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.