2,354 Shares in Hamilton Lane Inc. (NASDAQ:HLNE) Bought by CenterBook Partners LP

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.

CenterBook Partners LP bought a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,354 shares of the company's stock, valued at approximately $350,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Hamilton Lane by 252.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after buying an additional 126 shares during the period. Versant Capital Management Inc acquired a new position in Hamilton Lane during the first quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Hamilton Lane during the first quarter valued at approximately $33,000. Kapitalo Investimentos Ltda acquired a new position in Hamilton Lane during the fourth quarter valued at approximately $65,000. Finally, UMB Bank n.a. boosted its position in Hamilton Lane by 270.3% during the first quarter. UMB Bank n.a. now owns 474 shares of the company's stock valued at $70,000 after purchasing an additional 346 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Wall Street Analyst Weigh In

HLNE has been the topic of a number of research analyst reports. Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Morgan Stanley cut their target price on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. dropped their price objective on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $163.14.

Hamilton Lane Stock Up 3.1%

HLNE stock traded up $4.78 during trading on Tuesday, reaching $157.33. 63,608 shares of the stock were exchanged, compared to its average volume of 572,673. The firm's 50 day moving average is $148.67 and its 200 day moving average is $151.58. Hamilton Lane Inc. has a twelve month low of $124.10 and a twelve month high of $203.72. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The firm has a market cap of $8.43 billion, a P/E ratio of 30.25 and a beta of 1.23.

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

Hamilton Lane Dividend Announcement

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

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.