Townsquare Capital LLC Takes Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Townsquare Capital LLC purchased 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 Securities & Exchange Commission. The firm purchased 2,108 shares of the company's stock, valued at approximately $312,000.

Several other institutional investors have also recently bought and sold shares of HLNE. Retirement Systems of Alabama acquired a new position in Hamilton Lane during the third quarter valued at approximately $8,291,000. Franklin Resources Inc. grew its stake in shares of Hamilton Lane by 9.2% during the 3rd quarter. Franklin Resources Inc. now owns 184,836 shares of the company's stock worth $32,746,000 after acquiring an additional 15,554 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Hamilton Lane in the 3rd quarter valued at $291,000. Artemis Investment Management LLP acquired a new position in Hamilton Lane during the fourth quarter valued at approximately $30,350,000. Finally, Principal Financial Group Inc. raised its position in Hamilton Lane by 20.2% during the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock worth $98,297,000 after acquiring an additional 97,924 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock traded up $0.33 during mid-day trading on Friday, hitting $148.34. 367,167 shares of the stock were exchanged, compared to its average volume of 427,120. The company has a 50-day simple moving average of $145.61 and a 200 day simple moving average of $161.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a 12 month low of $110.90 and a 12 month high of $203.72. The company has a market capitalization of $8.22 billion, a P/E ratio of 27.37 and a beta of 1.32.

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

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's dividend payout ratio is currently 36.16%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wells Fargo & Company decreased their target price 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. The Goldman Sachs Group downgraded Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. Morgan Stanley reduced their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. One equities 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, the company currently has a consensus rating of "Hold" and an average price target of $165.29.

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.