Twinbeech Capital LP Makes New $10.77 Million Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Twinbeech Capital LP acquired a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 72,720 shares of the company's stock, valued at approximately $10,766,000. Twinbeech Capital LP owned 0.13% of Hamilton Lane at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC raised its position in shares of Hamilton Lane by 27.0% in 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 during the last quarter. State of Alaska Department of Revenue raised its position in shares of Hamilton Lane by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock worth $705,000 after purchasing an additional 65 shares during the last quarter. Arizona State Retirement System raised its position in shares of Hamilton Lane by 0.7% in the 4th 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 last quarter. Lifestyle Asset Management Inc. raised its position 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 worth $224,000 after purchasing an additional 84 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Hamilton Lane by 6.0% in the 4th quarter. HighTower Advisors LLC now owns 1,824 shares of the company's stock worth $270,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HLNE. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Morgan Stanley reduced 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. Finally, Wells Fargo & Company upped their price target on shares of Hamilton Lane from $147.00 to $166.00 and gave the company an "equal weight" rating in a research report on Friday. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $166.86.

Hamilton Lane Stock Performance

Hamilton Lane stock traded up $1.55 during midday trading on Friday, hitting $165.41. The stock had a trading volume of 401,644 shares, compared to its average volume of 438,850. Hamilton Lane Incorporated has a 52-week low of $114.85 and a 52-week high of $203.72. The company has a market capitalization of $9.17 billion, a PE ratio of 30.52 and a beta of 1.31. The firm's fifty day moving average is $151.64 and its two-hundred day moving average is $159.19. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, March 14th. Hamilton Lane's payout ratio is 36.16%.

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.