TimesSquare Capital Management LLC Buys 65,308 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

TimesSquare Capital Management LLC boosted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 26.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,468 shares of the company's stock after acquiring an additional 65,308 shares during the period. TimesSquare Capital Management LLC owned 0.57% of Hamilton Lane worth $46,705,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its holdings in Hamilton Lane by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock valued at $705,000 after acquiring an additional 65 shares during the last quarter. Lifestyle Asset Management Inc. boosted its holdings in Hamilton Lane by 5.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company's stock valued at $224,000 after acquiring an additional 84 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Hamilton Lane by 0.6% in the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company's stock valued at $2,509,000 after buying an additional 93 shares during the period. CWM LLC boosted its holdings in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after buying an additional 100 shares in the last quarter. Finally, Islay Capital Management LLC boosted its holdings in shares of Hamilton Lane by 2.2% during the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company's stock worth $801,000 after buying an additional 103 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Stock Down 3.7 %

Shares of HLNE traded down $5.80 during trading hours on Friday, reaching $151.46. The stock had a trading volume of 641,616 shares, compared to its average volume of 501,427. Hamilton Lane Incorporated has a 12 month low of $103.42 and a 12 month high of $203.72. The firm has a 50-day simple moving average of $154.28 and a 200 day simple moving average of $164.19. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 27.94 and a beta of 1.25.

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

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HLNE shares. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. The Goldman Sachs Group cut 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. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, Morgan Stanley increased their price target on Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. 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, the company currently has an average 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.