Twinbeech Capital LP acquired a new position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 72,720 shares of the company's stock, valued at approximately $10,766,000. Twinbeech Capital LP owned approximately 0.13% of Hamilton Lane as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in HLNE. CBIZ Investment Advisory Services LLC increased its stake in Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after acquiring an additional 61 shares during the last quarter. Farther Finance Advisors LLC increased its stake in 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 last quarter. Kapitalo Investimentos Ltda bought a new position in Hamilton Lane in the fourth quarter valued at $65,000. R Squared Ltd bought a new position in Hamilton Lane in the fourth quarter valued at $213,000. Finally, Aigen Investment Management LP bought a new position in Hamilton Lane in the fourth quarter valued at $221,000. Institutional investors own 97.40% of the company's stock.
Hamilton Lane Stock Down 0.1%
NASDAQ HLNE opened at $172.52 on Tuesday. 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 stock has a market capitalization of $9.56 billion, a PE ratio of 31.83 and a beta of 1.31. Hamilton Lane Incorporated has a 1 year low of $114.85 and a 1 year high of $203.72. The business's 50-day moving average is $149.86 and its 200 day moving average is $159.54.
Hamilton Lane Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.14%. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on HLNE. Morgan Stanley reduced their target price on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. reduced their price objective on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company reduced their price objective on 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. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $164.14.
Read Our Latest Analysis on HLNE
About Hamilton Lane
(
Free Report)
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.
Further Reading
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