Aquatic Capital Management LLC Acquires New Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Aquatic Capital Management LLC acquired a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,026 shares of the company's stock, valued at approximately $2,225,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. CBIZ Investment Advisory Services LLC lifted its stake in shares of Hamilton Lane by 27.0% during the fourth 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 period. State of Alaska Department of Revenue lifted its stake in shares of Hamilton Lane by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock valued at $705,000 after buying an additional 65 shares during the period. Arizona State Retirement System raised its stake in Hamilton Lane by 0.7% during the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company's stock worth $1,653,000 after purchasing an additional 80 shares during the period. Lifestyle Asset Management Inc. boosted its holdings in shares of Hamilton Lane by 5.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company's stock valued at $224,000 after purchasing an additional 84 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Hamilton Lane by 6.0% during the 4th quarter. HighTower Advisors LLC now owns 1,824 shares of the company's stock valued at $270,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

HLNE has been the topic of several research reports. Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. Morgan Stanley lowered their price target on 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. The Goldman Sachs Group downgraded 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 lowered their price target on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $165.29.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $150.59 on Tuesday. Hamilton Lane Incorporated has a 1-year low of $110.90 and a 1-year high of $203.72. The business has a 50-day moving average of $145.43 and a 200-day moving average of $161.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 27.78 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. The company's revenue was up 34.3% compared to the same quarter last year. On average, equities analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced 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 1.30%. The ex-dividend date was Friday, March 14th. Hamilton Lane's payout ratio is 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.

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