Vista Finance LLC Takes $338,000 Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Vista Finance LLC purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,284 shares of the company's stock, valued at approximately $338,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. CWM LLC grew 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 worth $85,000 after acquiring an additional 100 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane during the third quarter worth $111,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Hamilton Lane during the third quarter worth approximately $127,000. KBC Group NV raised 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 last quarter. Finally, Associated Banc Corp acquired a new position in Hamilton Lane during the 3rd quarter valued at about $212,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Wells Fargo & Company boosted their price target on Hamilton Lane from $163.00 to $169.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. Finally, Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $173.14.

Hamilton Lane Trading Up 0.3 %

Shares of HLNE traded up $0.41 during mid-day trading on Wednesday, hitting $159.93. 517,878 shares of the company's stock traded hands, compared to its average volume of 486,341. Hamilton Lane Incorporated has a 1 year low of $103.42 and a 1 year high of $203.72. The business's 50-day moving average price is $154.92 and its 200-day moving average price is $164.06. 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 has a market capitalization of $8.87 billion, a P/E ratio of 29.51 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $158.86 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business's revenue for the quarter was up 34.3% on a year-over-year basis. As a group, sell-side analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, March 14th. Hamilton Lane's payout ratio is currently 36.16%.

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.