Hamilton Lane Inc. (NASDAQ:HLNE) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. increased its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 6.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,490 shares of the company's stock after acquiring an additional 11,103 shares during the period. Bessemer Group Inc. owned approximately 0.31% of Hamilton Lane worth $25,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after purchasing an additional 126 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Hamilton Lane during the first quarter worth about $30,000. CBIZ Investment Advisory Services LLC raised its stake in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after purchasing an additional 61 shares during the last quarter. Farther Finance Advisors LLC lifted its stake 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 worth $44,000 after buying an additional 221 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in Hamilton Lane during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Stock Performance

HLNE traded down $0.10 during trading on Friday, hitting $144.14. 6,419,561 shares of the stock were exchanged, compared to its average volume of 511,351. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 0.31. Hamilton Lane Inc. has a 1-year low of $120.86 and a 1-year high of $203.72. The stock has a fifty day moving average price of $153.70 and a two-hundred day moving average price of $151.84. The firm has a market capitalization of $7.72 billion, a P/E ratio of 26.74 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The firm had revenue of $197.97 million during the quarter, compared to analysts' expectations of $165.49 million. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. Hamilton Lane's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 earnings per share. As a group, sell-side analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.16 dividend on an annualized basis and a yield of 1.50%. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. Hamilton Lane's dividend payout ratio is presently 40.07%.

Analyst Ratings Changes

A number of research firms have commented on HLNE. Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Morgan Stanley cut their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Wells Fargo & Company lowered their price objective on Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating on the stock in a research note on Friday, May 30th. JPMorgan Chase & Co. reduced their target price on shares of 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, Keefe, Bruyette & Woods decreased their target price on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating on the stock in a report on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $164.29.

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.