Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,718 shares of the company's stock after acquiring an additional 4,176 shares during the period. Rhumbline Advisers owned approximately 0.22% of Hamilton Lane worth $18,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLNE. Wellington Management Group LLP boosted its holdings in shares of Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock valued at $293,509,000 after acquiring an additional 413,015 shares during the last quarter. State Street Corp boosted its holdings in Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company's stock valued at $236,516,000 after purchasing an additional 489,557 shares during the last quarter. Geode Capital Management LLC grew its position in Hamilton Lane by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company's stock worth $186,111,000 after purchasing an additional 25,657 shares during the period. Principal Financial Group Inc. grew its position in Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock worth $98,297,000 after purchasing an additional 97,924 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Hamilton Lane by 9.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 348,406 shares of the company's stock valued at $58,668,000 after buying an additional 31,197 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

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Hamilton Lane Price Performance

Shares of NASDAQ:HLNE traded up $0.84 during midday trading on Tuesday, reaching $153.98. 449,798 shares of the company's stock traded hands, compared to its average volume of 507,594. 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 company has a fifty day simple moving average of $153.81 and a two-hundred day simple moving average of $164.87. The company has a market cap of $8.54 billion, a P/E ratio of 28.41 and a beta of 1.25. Hamilton Lane Incorporated has a 1 year low of $103.42 and a 1 year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share 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 the consensus estimate of $158.86 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The company's revenue for the quarter was up 34.3% on a year-over-year basis. Equities analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane's dividend payout ratio is presently 36.16%.

Analyst Upgrades and Downgrades

Several analysts recently commented on HLNE shares. Morgan Stanley raised their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Keefe, Bruyette & Woods raised 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. JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. Finally, Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $173.14.

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.