Sherbrooke Park Advisers LLC Takes $469,000 Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Sherbrooke Park Advisers LLC purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,170 shares of the company's stock, valued at approximately $469,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in Hamilton Lane by 229.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock worth $191,321,000 after purchasing an additional 900,283 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Hamilton Lane by 28.4% in the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after buying an additional 863,326 shares during the last quarter. Norges Bank purchased a new position in shares of Hamilton Lane during the fourth quarter valued at approximately $68,909,000. Invesco Ltd. boosted its holdings in shares of Hamilton Lane by 25.3% during the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock worth $284,738,000 after purchasing an additional 388,019 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of Hamilton Lane in the fourth quarter valued at $30,350,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on HLNE shares. Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. reduced their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company decreased their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley cut their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, Hamilton Lane presently has a consensus rating of "Hold" and a consensus target price of $164.14.

Hamilton Lane Trading Up 0.7%

Hamilton Lane stock traded up $1.23 during midday trading on Friday, reaching $165.09. The stock had a trading volume of 83,600 shares, compared to its average volume of 437,827. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 30.46 and a beta of 1.31. The firm's fifty day simple moving average is $151.23 and its two-hundred day simple moving average is $159.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane Incorporated has a twelve month low of $114.85 and a twelve month high of $203.72.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is currently 36.16%.

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.