Squarepoint Ops LLC Takes Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Squarepoint Ops LLC bought a new position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,880 shares of the company's stock, valued at approximately $1,167,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC boosted its stake in shares of Hamilton Lane by 27.0% during the 4th 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 in the last quarter. State of Alaska Department of Revenue raised its holdings in Hamilton Lane by 1.4% in the fourth 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 last quarter. Arizona State Retirement System raised its holdings in Hamilton Lane by 0.7% in the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company's stock worth $1,653,000 after buying an additional 80 shares during the last quarter. HighTower Advisors LLC raised its holdings in Hamilton Lane by 6.0% in the fourth quarter. HighTower Advisors LLC now owns 1,824 shares of the company's stock worth $270,000 after buying an additional 103 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in Hamilton Lane by 2.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company's stock worth $801,000 after buying an additional 108 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Up 1.1%

NASDAQ HLNE traded up $1.61 during trading on Tuesday, reaching $150.57. 255,214 shares of the company's stock traded hands, compared to its average volume of 454,699. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 27.78 and a beta of 1.31. The company's 50 day simple moving average is $152.65 and its two-hundred day simple moving average is $157.58. Hamilton Lane Incorporated has a 12-month low of $114.85 and a 12-month high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $197.97 million for the quarter, compared to analysts' expectations of $165.49 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $1.38 EPS. As a group, sell-side analysts forecast 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 paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, June 20th. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. Hamilton Lane's payout ratio is 40.07%.

Wall Street Analyst Weigh In

HLNE has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating for the company in a report on Friday. Morgan Stanley dropped 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 report on Monday, April 14th. Oppenheimer lowered shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. dropped 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 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. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $164.29.

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.