Canada Pension Plan Investment Board Makes New $2.41 Million Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Canada Pension Plan Investment Board purchased a new position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,300 shares of the company's stock, valued at approximately $2,413,000.

Several other institutional investors have also added to or reduced their stakes in the business. CBIZ Investment Advisory Services LLC increased 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 period. Farther Finance Advisors LLC increased its position 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 valued at $44,000 after acquiring an additional 221 shares during the period. R Squared Ltd bought a new position in shares of Hamilton Lane during the fourth quarter valued at about $213,000. Aigen Investment Management LP purchased a new stake in shares of Hamilton Lane during the fourth quarter worth about $221,000. Finally, OLD National Bancorp IN bought a new stake in shares of Hamilton Lane in the fourth quarter worth about $222,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Down 0.3 %

NASDAQ HLNE traded down $0.42 during trading hours on Tuesday, reaching $150.18. 88,239 shares of the company's stock traded hands, compared to its average volume of 426,738. Hamilton Lane Incorporated has a 52-week low of $110.90 and a 52-week high of $203.72. 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 firm has a 50-day simple moving average of $145.43 and a 200 day simple moving average of $161.11. The firm has a market cap of $8.33 billion, a PE ratio of 27.63 and a beta of 1.32.

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

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.49 dividend. 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 1.31%. Hamilton Lane's dividend payout ratio is currently 36.16%.

Wall Street Analyst Weigh In

HLNE has been the subject of several research analyst reports. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. 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 report on Monday, April 14th. Wells Fargo & Company cut their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group downgraded 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 note on Monday, January 6th. One equities research 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. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $165.29.

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.