6,083 Shares in Hamilton Lane Inc. (NASDAQ:HLNE) Bought by Diversified Trust Co

Diversified Trust Co bought a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,083 shares of the company's stock, valued at approximately $904,000.

Several other institutional investors also recently bought and sold shares of the stock. Bessemer Group Inc. raised its holdings in Hamilton Lane by 6.8% during the first quarter. Bessemer Group Inc. now owns 173,490 shares of the company's stock valued at $25,793,000 after buying an additional 11,103 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Hamilton Lane by 7.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 40,552 shares of the company's stock valued at $6,029,000 after purchasing an additional 2,875 shares during the last quarter. Praxis Investment Management Inc. acquired a new stake in shares of Hamilton Lane in the first quarter valued at about $223,000. Retirement Systems of Alabama grew its position in shares of Hamilton Lane by 3.9% in the first quarter. Retirement Systems of Alabama now owns 52,746 shares of the company's stock valued at $7,842,000 after purchasing an additional 1,956 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Hamilton Lane by 6.6% in the first quarter. State of Alaska Department of Revenue now owns 5,080 shares of the company's stock valued at $755,000 after purchasing an additional 315 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HLNE has been the topic of several research analyst reports. Morgan Stanley lowered their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Keefe, Bruyette & Woods lowered their price target on Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating on the stock in a research report on Monday, June 2nd. Wall Street Zen downgraded Hamilton Lane from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. JPMorgan Chase & Co. decreased their target price 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. Finally, Wells Fargo & Company decreased their target price on Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating on the stock in a research report on Friday, May 30th. Two 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 stock presently has a consensus rating of "Hold" and an average price target of $164.29.

Hamilton Lane Price Performance

HLNE traded up $2.67 during midday trading on Tuesday, reaching $144.79. 543,839 shares of the company's stock were exchanged, compared to its average volume of 509,351. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 26.86 and a beta of 1.23. 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 one year low of $123.56 and a one year high of $203.72. The business has a 50-day simple moving average of $153.92 and a two-hundred day simple moving average of $151.36.

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

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.49%. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, June 20th. Hamilton Lane's dividend payout ratio (DPR) is currently 40.07%.

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.