NBC Securities Inc. Acquires 4,265 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

NBC Securities Inc. increased its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 106,625.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,269 shares of the company's stock after purchasing an additional 4,265 shares during the period. NBC Securities Inc.'s holdings in Hamilton Lane were worth $634,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Retirement Systems of Alabama lifted its stake in Hamilton Lane by 3.2% during the fourth quarter. Retirement Systems of Alabama now owns 50,790 shares of the company's stock worth $7,519,000 after purchasing an additional 1,552 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Hamilton Lane by 10.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,689 shares of the company's stock worth $1,285,000 after buying an additional 789 shares in the last quarter. Caitlin John LLC lifted its position in shares of Hamilton Lane by 4.8% during the 4th quarter. Caitlin John LLC now owns 10,223 shares of the company's stock worth $1,514,000 after buying an additional 466 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Hamilton Lane by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock worth $705,000 after buying an additional 65 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new stake in Hamilton Lane in the 4th quarter valued at $2,421,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HLNE shares. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods dropped 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. Morgan Stanley cut their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Wells Fargo & Company decreased their price objective 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, Hamilton Lane has an average rating of "Hold" and an average target price of $164.29.

Hamilton Lane Price Performance

HLNE traded up $0.19 during midday trading on Friday, hitting $150.82. The company had a trading volume of 609,332 shares, compared to its average volume of 460,174. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The company has a market capitalization of $8.36 billion, a PE ratio of 27.83 and a beta of 1.31. The firm's 50-day simple moving average is $152.70 and its 200-day simple moving average is $157.19. Hamilton Lane Incorporated has a twelve month low of $114.85 and a twelve month high of $203.72.

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, topping analysts' consensus estimates of $1.20 by $0.01. The company had revenue of $197.97 million during the quarter, compared to the consensus estimate of $165.49 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 earnings per share. Equities research analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is 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 yield of 1.43%. Hamilton Lane's dividend payout ratio is presently 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.