Rhumbline Advisers raised its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 4.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,723 shares of the company's stock after buying an additional 5,005 shares during the quarter. Rhumbline Advisers owned 0.23% of Hamilton Lane worth $18,989,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its stake 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 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. CBIZ Investment Advisory Services LLC raised its holdings in Hamilton Lane by 27.0% in the 4th 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 lifted its position in shares of Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after acquiring an additional 221 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Hamilton Lane in the 4th quarter worth approximately $65,000. 97.40% of the stock is owned by institutional investors.
Hamilton Lane Price Performance
Shares of Hamilton Lane stock traded down $0.06 during mid-day trading on Tuesday, reaching $151.67. 543,397 shares of the stock were exchanged, compared to its average volume of 464,201. Hamilton Lane Incorporated has a fifty-two week low of $114.85 and a fifty-two week high of $203.72. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 27.98 and a beta of 1.25. The firm has a 50-day simple moving average of $152.82 and a 200 day simple moving average of $155.96. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.
Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company had revenue of $197.97 million during the quarter, compared to analyst estimates of $165.49 million. During the same quarter last year, the business posted $1.38 earnings per share. The company's revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.
Hamilton Lane Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.42%. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date is Friday, June 20th. Hamilton Lane's dividend payout ratio (DPR) is currently 40.07%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on HLNE shares. Keefe, Bruyette & Woods cut their target price 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. Wall Street Zen downgraded shares of Hamilton Lane from a "hold" rating to a "sell" rating in a report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company dropped their price target 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. Finally, 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 research note on Monday, April 14th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $164.29.
View Our Latest Stock Analysis on HLNE
Hamilton Lane Company Profile
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Free Report)
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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