Bridges Investment Management Inc. Buys 6,238 Shares of Hamilton Lane Inc. (NASDAQ:HLNE)

Bridges Investment Management Inc. raised its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 111.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,845 shares of the company's stock after purchasing an additional 6,238 shares during the quarter. Bridges Investment Management Inc.'s holdings in Hamilton Lane were worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HLNE. MassMutual Private Wealth & Trust FSB increased its position in 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 acquiring an additional 126 shares during the period. Versant Capital Management Inc acquired a new position in shares of Hamilton Lane during the first quarter valued at $30,000. CBIZ Investment Advisory Services LLC raised its stake in shares of Hamilton Lane by 27.0% during the fourth 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 in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after purchasing an additional 221 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Hamilton Lane in the fourth quarter worth about $65,000. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Down 1.2%

Shares of Hamilton Lane stock traded down $1.85 during trading on Friday, reaching $151.38. The stock had a trading volume of 458,339 shares, compared to its average volume of 513,460. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 28.09 and a beta of 1.22. Hamilton Lane Inc. has a 52 week low of $123.98 and a 52 week high of $203.72. The stock has a fifty day moving average price of $153.48 and a two-hundred day moving average price of $150.96. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.31.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The company had revenue of $197.97 million for the quarter, compared to analyst estimates of $165.49 million. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 earnings per share. Sell-side analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Friday, June 20th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.16 dividend on an annualized basis and a yield of 1.43%. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. Hamilton Lane's payout ratio is currently 40.07%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Wells Fargo & Company increased their price target on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a report on Friday. Keefe, Bruyette & Woods lowered their price objective on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating on the stock in a research note on Monday, June 2nd. Wall Street Zen cut shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, Hamilton Lane presently has a consensus rating of "Hold" and an average target price of $164.43.

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.