Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 46.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,069 shares of the company's stock after buying an additional 11,813 shares during the quarter. Van ECK Associates Corp owned 0.07% of Hamilton Lane worth $5,488,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its stake in shares of Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company's stock valued at $85,000 after acquiring an additional 100 shares during the period. Icon Wealth Advisors LLC bought a new position in shares of Hamilton Lane during the third quarter valued at approximately $111,000. Harvest Fund Management Co. Ltd purchased a new stake in Hamilton Lane in the third quarter worth $127,000. KBC Group NV increased its position in shares of Hamilton Lane by 18.0% during the third quarter. KBC Group NV now owns 1,141 shares of the company's stock worth $192,000 after acquiring an additional 174 shares during the period. Finally, Associated Banc Corp purchased a new stake in shares of Hamilton Lane in the 3rd quarter worth $212,000. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Down 3.7 %

Shares of HLNE stock traded down $5.80 during trading hours on Friday, reaching $151.46. 641,614 shares of the company's stock were exchanged, compared to its average volume of 501,427. The stock has a market cap of $8.40 billion, a PE ratio of 27.94 and a beta of 1.25. 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 stock's fifty day moving average price is $154.64 and its two-hundred day moving average price is $164.01. 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 issued its quarterly 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 business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. Hamilton Lane's revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS. Research analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HLNE shares. Morgan Stanley increased their price objective 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. The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target for the company. in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods boosted 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. Finally, Oppenheimer upgraded 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 note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.