Grey Fox Wealth Advisors LLC Buys New Position in Hamilton Lane Inc. (NASDAQ:HLNE)

Grey Fox Wealth Advisors LLC acquired a new position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,200 shares of the company's stock, valued at approximately $328,000.

Several other hedge funds have also bought and sold shares of the stock. 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 shares of Hamilton Lane during the 1st quarter worth approximately $30,000. Farther Finance Advisors LLC raised its stake in shares of Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after buying an additional 221 shares during the period. Kapitalo Investimentos Ltda acquired a new position in shares of Hamilton Lane during the 4th quarter worth approximately $65,000. Finally, UMB Bank n.a. raised its stake in shares of Hamilton Lane by 270.3% during the 1st quarter. UMB Bank n.a. now owns 474 shares of the company's stock worth $70,000 after buying an additional 346 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Wall Street Zen downgraded Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods reduced their price objective on Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $164.43.

Hamilton Lane Trading Down 3.0%

NASDAQ:HLNE traded down $4.75 during trading hours on Friday, hitting $154.36. The company had a trading volume of 201,298 shares, compared to its average volume of 514,051. 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 company has a 50-day moving average of $152.83 and a 200 day moving average of $150.99. The company has a market cap of $8.27 billion, a P/E ratio of 28.63 and a beta of 1.22. Hamilton Lane Inc. has a 1 year low of $123.98 and a 1 year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $197.97 million during the quarter, compared to analysts' expectations of $165.49 million. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The company's revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.38 EPS. Sell-side analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current 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 issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.40%. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date was Friday, June 20th. Hamilton Lane's dividend payout ratio (DPR) 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.