Diversified Trust Co Invests $904,000 in Hamilton Lane Inc. (NASDAQ:HLNE)

Diversified Trust Co bought a new stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 6,083 shares of the company's stock, valued at approximately $904,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Hamilton Lane by 252.0% during the 1st 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 worth $30,000. CBIZ Investment Advisory Services LLC lifted its holdings in 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 grew its position 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 valued at $44,000 after purchasing an additional 221 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Hamilton Lane during the fourth quarter worth about $65,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. decreased their price objective on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Wells Fargo & Company lowered their target price on shares of 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. Morgan Stanley decreased their price target on shares of 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. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $164.29.

Hamilton Lane Trading Up 1.2%

Shares of Hamilton Lane stock traded up $1.76 during mid-day trading on Thursday, hitting $146.91. The stock had a trading volume of 201,133 shares, compared to its average volume of 509,077. The firm has a 50-day moving average of $154.11 and a two-hundred day moving average of $151.28. The firm has a market cap of $7.87 billion, a P/E ratio of 27.26 and a beta of 1.22. 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 12-month low of $123.98 and a 12-month high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its earnings results 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. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The company had revenue of $197.97 million during the quarter, compared to analysts' expectations of $165.49 million. During the same quarter last year, the firm earned $1.38 earnings per share. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, June 20th. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a yield of 1.47%. Hamilton Lane's dividend payout ratio is 40.07%.

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.