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CenterBook Partners LP Purchases New Stake in Hamilton Lane Inc. (NASDAQ:HLNE)

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Key Points

  • CenterBook Partners LP has made a new investment of approximately $350,000 in Hamilton Lane Inc., acquiring 2,354 shares of the company's stock during the first quarter.
  • Recent analysts' ratings have been mixed, with Keefe, Bruyette & Woods raising their target price to $168.00 while Morgan Stanley reduced theirs to $157.00.
  • Hamilton Lane announced a quarterly dividend of $0.54 per share, representing an annualized yield of 1.4%, payable on October 6th.
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CenterBook Partners LP bought a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,354 shares of the company's stock, valued at approximately $350,000.

Other large investors have also modified their holdings of the company. Invesco Ltd. boosted its stake in Hamilton Lane by 25.3% in the 4th quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock valued at $284,738,000 after buying an additional 388,019 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Hamilton Lane by 229.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock valued at $191,321,000 after buying an additional 900,283 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Hamilton Lane by 10.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 780,363 shares of the company's stock valued at $115,533,000 after acquiring an additional 70,976 shares during the last quarter. Van Berkom & Associates Inc. grew its position in shares of Hamilton Lane by 7.4% during the 1st quarter. Van Berkom & Associates Inc. now owns 659,220 shares of the company's stock worth $98,006,000 after buying an additional 45,605 shares during the period. Finally, Northern Trust Corp raised its position in shares of Hamilton Lane by 3.2% during the 4th quarter. Northern Trust Corp now owns 623,735 shares of the company's stock valued at $92,344,000 after acquiring an additional 19,514 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a research report on Saturday. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, Morgan Stanley cut their price objective 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. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, Hamilton Lane presently has an average rating of "Hold" and a consensus price target of $163.14.

View Our Latest Report on HLNE

Hamilton Lane Price Performance

Shares of HLNE stock traded down $2.08 on Monday, reaching $152.46. The company's stock had a trading volume of 214,313 shares, compared to its average volume of 575,321. The company has a market capitalization of $8.16 billion, a P/E ratio of 29.32 and a beta of 1.23. Hamilton Lane Inc. has a 12-month low of $124.10 and a 12-month high of $203.72. The stock's 50 day simple moving average is $148.59 and its 200-day simple moving average is $151.64. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.33. The firm had revenue of $196.73 million for the quarter, compared to analysts' expectations of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%. The company's revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 EPS. As a group, equities analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, September 19th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 annualized dividend and a yield of 1.4%. Hamilton Lane's dividend payout ratio is currently 41.54%.

Hamilton Lane Profile

(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

Institutional Ownership by Quarter for Hamilton Lane (NASDAQ:HLNE)

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