Oppenheimer Asset Management Inc. Has $6.03 Million Stock Holdings in Hamilton Lane Inc. (NASDAQ:HLNE)

Oppenheimer Asset Management Inc. increased its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,552 shares of the company's stock after acquiring an additional 2,875 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.07% of Hamilton Lane worth $6,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Hamilton Lane by 252.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after acquiring an additional 126 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Hamilton Lane in the first quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC boosted its holdings 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 acquiring an additional 61 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after acquiring an additional 221 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Hamilton Lane in the fourth quarter valued at approximately $65,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Trading Down 0.1%

Shares of NASDAQ:HLNE traded down $0.10 during mid-day trading on Friday, hitting $144.14. The stock had a trading volume of 6,419,561 shares, compared to its average volume of 507,522. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.83 and a current ratio of 4.83. The company has a market cap of $7.72 billion, a PE ratio of 26.74 and a beta of 1.25. Hamilton Lane Inc. has a 12-month low of $120.86 and a 12-month high of $203.72. The company's 50 day moving average is $153.70 and its 200-day moving average is $151.69.

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, beating the consensus estimate 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 firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.38 EPS. On average, sell-side analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, June 20th. This is an increase from Hamilton Lane's previous quarterly dividend of $0.49. Hamilton Lane's dividend payout ratio is 40.07%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Oppenheimer lowered shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. 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 note on Friday, May 30th. Wall Street Zen lowered shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. 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 note on Monday, June 2nd. Finally, 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 note on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of "Hold" and an average target price of $164.29.

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.