Laurion Capital Management LP Purchases New Shares in Hamilton Lane Incorporated (NASDAQ:HLNE)

Laurion Capital Management LP bought a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,416 shares of the company's stock, valued at approximately $358,000.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Hamilton Lane by 28.4% in the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after buying an additional 863,326 shares during the last quarter. Invesco Ltd. boosted its holdings in Hamilton Lane by 25.3% in the 4th quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock valued at $284,738,000 after purchasing an additional 388,019 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Hamilton Lane by 229.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock worth $191,321,000 after purchasing an additional 900,283 shares during the period. Geode Capital Management LLC grew its holdings in Hamilton Lane by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company's stock valued at $170,280,000 after purchasing an additional 44,865 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Hamilton Lane by 10.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 780,363 shares of the company's stock worth $115,533,000 after purchasing an additional 70,976 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price objective on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Keefe, Bruyette & Woods upped their target price 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. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday. Finally, Morgan Stanley decreased their target price on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, Hamilton Lane currently has a consensus rating of "Hold" and an average price target of $164.14.

Hamilton Lane Stock Down 2.7%

Shares of Hamilton Lane stock traded down $4.71 during trading on Thursday, hitting $170.11. 448,421 shares of the stock traded hands, compared to its average volume of 436,705. The company has a fifty day moving average price of $147.94 and a two-hundred day moving average price of $160.04. Hamilton Lane Incorporated has a twelve month low of $114.85 and a twelve month high of $203.72. The stock has a market cap of $9.43 billion, a P/E ratio of 31.39 and a beta of 1.31. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.15%. Hamilton Lane's dividend 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.