Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 25.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,883 shares of the company's stock after buying an additional 2,203 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Hamilton Lane were worth $1,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of HLNE. Icon Wealth Advisors LLC purchased a new position in Hamilton Lane in the 3rd quarter valued at approximately $111,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Hamilton Lane during the 3rd quarter valued at $127,000. KBC Group NV grew its position in shares of Hamilton Lane by 18.0% during the 3rd quarter. KBC Group NV now owns 1,141 shares of the company's stock valued at $192,000 after purchasing an additional 174 shares in the last quarter. Associated Banc Corp purchased a new position in shares of Hamilton Lane during the 3rd quarter valued at $212,000. Finally, R Squared Ltd purchased a new position in shares of Hamilton Lane during the 4th quarter valued at $213,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on HLNE shares. Keefe, Bruyette & Woods boosted 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. 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. Wells Fargo & Company upped their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an "equal weight" rating in a research report 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 report on Tuesday, January 21st. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $173.14.

Remove Ads

Hamilton Lane Stock Up 3.1 %

HLNE traded up $4.53 during midday trading on Wednesday, reaching $149.27. The company's stock had a trading volume of 138,080 shares, compared to its average volume of 374,187. The stock's 50-day moving average is $152.81 and its 200-day moving average is $164.92. Hamilton Lane Incorporated has a 1 year low of $105.16 and a 1 year high of $203.72. 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 firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 27.53 and a beta of 1.28.

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

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.31%. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

About Hamilton Lane

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.