Envestnet Asset Management Inc. Purchases 25,867 Shares of Hamilton Lane Inc. (NASDAQ:HLNE)

Envestnet Asset Management Inc. raised its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 13.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,568 shares of the company's stock after purchasing an additional 25,867 shares during the quarter. Envestnet Asset Management Inc. owned 0.39% of Hamilton Lane worth $32,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its position in Hamilton Lane by 252.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after buying an additional 126 shares during the period. Versant Capital Management Inc bought a new position in Hamilton Lane during the first quarter valued at about $30,000. Farther Finance Advisors LLC grew its position in 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 buying an additional 221 shares during the period. Kapitalo Investimentos Ltda bought a new position in Hamilton Lane during the fourth quarter valued at about $65,000. Finally, UMB Bank n.a. grew 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 buying an additional 346 shares during the period. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

NASDAQ:HLNE traded down $4.02 during mid-day trading on Friday, reaching $155.08. The company's stock had a trading volume of 154,927 shares, compared to its average volume of 513,850. The firm's fifty day moving average price is $152.83 and its two-hundred day moving average price is $150.99. Hamilton Lane Inc. has a 12-month low of $123.98 and a 12-month high of $203.72. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.31. The stock has a market cap of $8.30 billion, a P/E ratio of 28.69 and a beta of 1.22.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $165.49 million. During the same period in the previous year, the business earned $1.38 earnings per share. Hamilton Lane's quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts forecast that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Friday, June 20th were paid a dividend of $0.54 per share. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.39%. Hamilton Lane's payout ratio is 40.07%.

Analyst Upgrades and Downgrades

HLNE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley lowered 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 report on Monday, April 14th. Wall Street Zen downgraded shares of Hamilton Lane from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Keefe, Bruyette & Woods lowered their price target on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating on the stock in a report on Monday, June 2nd. Finally, Wells Fargo & Company increased their price target on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat, Hamilton Lane currently has a consensus rating of "Hold" and an average price target of $164.43.

Hamilton Lane Company 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.