5,315 Shares in Hamilton Lane Incorporated (NASDAQ:HLNE) Bought by Walleye Capital LLC

Walleye Capital LLC acquired a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,315 shares of the company's stock, valued at approximately $787,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC grew its stake in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after purchasing an additional 221 shares during the last quarter. R Squared Ltd bought a new stake in shares of Hamilton Lane during the 4th quarter worth $213,000. Aigen Investment Management LP bought a new position in shares of Hamilton Lane in the fourth quarter worth about $221,000. Finally, OLD National Bancorp IN bought a new position in Hamilton Lane in the 4th quarter valued at approximately $222,000. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Up 0.2 %

Shares of HLNE traded up $0.33 during trading hours on Friday, reaching $148.34. 367,167 shares of the stock traded hands, compared to its average volume of 427,120. 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 cap of $8.22 billion, a price-to-earnings ratio of 27.37 and a beta of 1.32. Hamilton Lane Incorporated has a 52 week low of $110.90 and a 52 week high of $203.72. The stock has a fifty day simple moving average of $145.61 and a 200 day simple moving average of $161.45.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued 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 return on equity of 36.69% and a net margin of 31.12%. 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 firm earned $0.71 EPS. The business's revenue for the quarter was up 34.3% compared to the same quarter last year. On average, equities analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is currently 36.16%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer raised shares of 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. The Goldman Sachs Group lowered Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley reduced their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Hamilton Lane presently has an average rating of "Hold" and an average 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.