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

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

Other hedge funds have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC boosted its stake in shares of Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after buying an additional 221 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Hamilton Lane in the fourth quarter worth about $65,000. R Squared Ltd purchased a new stake in shares of Hamilton Lane in the fourth quarter worth about $213,000. Finally, Aigen Investment Management LP purchased a new position in Hamilton Lane during the fourth quarter worth approximately $221,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HLNE. Wells Fargo & Company lowered their price target 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 downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price target on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Morgan Stanley lowered their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, Hamilton Lane currently has a consensus rating of "Hold" and a consensus target price of $164.14.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock traded up $2.63 during mid-day trading on Friday, reaching $172.74. 387,017 shares of the stock traded hands, compared to its average volume of 436,970. The business has a 50-day moving average of $149.24 and a 200 day moving average of $159.73. Hamilton Lane Incorporated has a fifty-two week low of $114.85 and a fifty-two week high of $203.72. The stock has a market capitalization of $9.58 billion, a PE ratio of 31.87 and a beta of 1.31. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.13%. 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.