Hamilton Lane Inc. (NASDAQ:HLNE) Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. increased its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 11.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,667 shares of the company's stock after purchasing an additional 5,296 shares during the quarter. Alps Advisors Inc. owned 0.09% of Hamilton Lane worth $7,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CBIZ Investment Advisory Services LLC lifted its stake in shares of Hamilton Lane by 27.0% in 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 during the period. HighTower Advisors LLC lifted its stake in shares of Hamilton Lane by 6.0% in the fourth quarter. HighTower Advisors LLC now owns 1,824 shares of the company's stock valued at $270,000 after purchasing an additional 103 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of Hamilton Lane by 2.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company's stock valued at $801,000 after purchasing an additional 108 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Hamilton Lane by 0.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 12,245 shares of the company's stock valued at $1,813,000 after purchasing an additional 109 shares during the period. Finally, Lifestyle Asset Management Inc. lifted its stake in shares of Hamilton Lane by 8.0% in the first quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock valued at $243,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wall Street Zen cut shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Morgan Stanley cut their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company cut their target price on shares of Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating for the company in a research report on Friday, May 30th. JPMorgan Chase & Co. cut their target price on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Hamilton Lane currently has an average rating of "Hold" and an average target price of $164.29.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $153.23 on Friday. The company has a market cap of $8.21 billion, a PE ratio of 28.43 and a beta of 1.22. Hamilton Lane Inc. has a 12 month low of $123.98 and a 12 month high of $203.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.83 and a quick ratio of 4.83. The company has a 50-day simple moving average of $153.66 and a 200-day simple moving average of $150.96.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued 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. The business had revenue of $197.97 million during the quarter, compared to the consensus estimate of $165.49 million. Hamilton Lane had a net margin of 30.50% and a return on equity of 32.94%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 earnings per share. On average, equities analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 20th were issued a dividend of $0.54 per share. The ex-dividend date was Friday, June 20th. This is an increase from Hamilton Lane's previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.41%. Hamilton Lane's payout ratio is 40.07%.

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.

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