Teachers Retirement System of The State of Kentucky Has $4.13 Million Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 33.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,901 shares of the company's stock after acquiring an additional 6,987 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.05% of Hamilton Lane worth $4,131,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HLNE. Retirement Systems of Alabama bought a new position in Hamilton Lane during the third quarter worth $8,291,000. Franklin Resources Inc. boosted its holdings in shares of Hamilton Lane by 9.2% during the 3rd quarter. Franklin Resources Inc. now owns 184,836 shares of the company's stock worth $32,746,000 after buying an additional 15,554 shares during the period. HighTower Advisors LLC bought a new stake in shares of Hamilton Lane during the 3rd quarter worth about $291,000. Artemis Investment Management LLP acquired a new position in Hamilton Lane in the 4th quarter valued at about $30,350,000. Finally, Principal Financial Group Inc. raised its holdings in Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock valued at $98,297,000 after acquiring an additional 97,924 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Up 4.0 %

HLNE stock opened at $136.68 on Wednesday. The company has a market cap of $7.58 billion, a PE ratio of 25.22 and a beta of 1.32. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a 52 week low of $109.96 and a 52 week high of $203.72. The business has a 50-day simple moving average of $146.24 and a 200 day simple moving average of $161.91.

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, beating the consensus estimate of $1.13 by $0.12. The company had revenue of $168.26 million during the quarter, compared to analysts' expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business's revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 EPS. Sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio is presently 36.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HLNE. Wells Fargo & Company reduced their price objective on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley decreased their price objective on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Oppenheimer raised 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 report on Tuesday, January 21st. 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 report 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 MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $165.29.

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.

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