Victory Capital Management Inc. Raises Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Victory Capital Management Inc. lifted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 59.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,980 shares of the company's stock after purchasing an additional 6,313 shares during the period. Victory Capital Management Inc.'s holdings in Hamilton Lane were worth $2,514,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in Hamilton Lane by 3.6% in the third quarter. Janney Montgomery Scott LLC now owns 4,814 shares of the company's stock valued at $811,000 after acquiring an additional 168 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Hamilton Lane during the third quarter worth about $299,000. KBC Group NV increased its position in 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 buying an additional 174 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in Hamilton Lane in the third quarter valued at approximately $217,000. Finally, Royce & Associates LP acquired a new stake in shares of Hamilton Lane in the third quarter valued at approximately $538,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Stock Up 2.3 %

HLNE stock traded up $3.33 during midday trading on Wednesday, reaching $148.07. 36,235 shares of the company's stock traded hands, compared to its average volume of 373,742. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average price is $152.81 and its 200-day moving average price is $164.92. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 27.43 and a beta of 1.28. Hamilton Lane Incorporated has a 52 week low of $105.16 and a 52 week high of $203.72.

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

Hamilton Lane Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.32%. Hamilton Lane's payout ratio is presently 36.16%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted 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 report on Wednesday, February 5th. 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. The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a report on Monday, January 6th. Finally, Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Hamilton Lane has an average 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.