Ensign Peak Advisors Inc Acquires 12,769 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Ensign Peak Advisors Inc increased its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 78.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,053 shares of the company's stock after purchasing an additional 12,769 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.05% of Hamilton Lane worth $4,301,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HLNE. CBIZ Investment Advisory Services LLC increased its position 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 purchasing an additional 61 shares in the last quarter. Farther Finance Advisors LLC increased its position in Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after purchasing an additional 221 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Hamilton Lane during the 4th quarter worth approximately $65,000. R Squared Ltd acquired a new position in Hamilton Lane during the 4th quarter worth approximately $213,000. Finally, Aigen Investment Management LP acquired a new position in shares of Hamilton Lane in the fourth quarter valued at approximately $221,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Trading Up 0.0%

Shares of NASDAQ:HLNE traded up $0.02 during trading on Monday, reaching $172.76. The stock had a trading volume of 138,649 shares, compared to its average volume of 435,835. The firm's fifty day moving average is $149.24 and its 200 day moving average is $159.59. 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 Incorporated has a 52 week low of $114.85 and a 52 week high of $203.72. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of 31.87 and a beta of 1.31.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio is currently 36.16%.

Analysts Set New Price Targets

HLNE has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Finally, 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. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $164.14.

Hamilton Lane 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.