Centiva Capital LP Acquires Shares of 12,499 Hamilton Lane Incorporated (NASDAQ:HLNE)

Centiva Capital LP bought a new position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,499 shares of the company's stock, valued at approximately $1,850,000.

A number of other large investors have also recently made changes to their positions in HLNE. CBIZ Investment Advisory Services LLC grew its holdings in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after acquiring an additional 61 shares in the last quarter. State of Alaska Department of Revenue boosted 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 purchasing an additional 65 shares in the last quarter. Arizona State Retirement System increased its holdings in Hamilton Lane by 0.7% during the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company's stock valued at $1,653,000 after buying an additional 80 shares during the period. Lifestyle Asset Management Inc. raised its stake in Hamilton Lane by 5.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company's stock worth $224,000 after buying an additional 84 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Hamilton Lane by 6.0% during the fourth quarter. HighTower Advisors LLC now owns 1,824 shares of the company's stock worth $270,000 after buying an additional 103 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley decreased their price target on shares of 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. Wells Fargo & Company cut their price target on shares of 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. reduced 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. Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods upped their target price 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 analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $164.14.

Hamilton Lane Trading Up 0.6 %

Shares of Hamilton Lane stock opened at $158.62 on Thursday. Hamilton Lane Incorporated has a fifty-two week low of $114.25 and a fifty-two week high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of 29.27 and a beta of 1.31. The stock has a 50 day moving average of $145.91 and a 200 day moving average of $160.33.

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

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders 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 annualized dividend and a dividend yield of 1.24%. Hamilton Lane's dividend payout ratio (DPR) is 36.16%.

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.

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