Stephens Inc. AR Takes Position in Hamilton Lane Inc. (NASDAQ:HLNE)

Stephens Inc. AR acquired a new stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,866 shares of the company's stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in 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 purchasing an additional 863,326 shares during the last quarter. Invesco Ltd. increased its stake 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 valued at $284,738,000 after buying an additional 388,019 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of 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 valued at $191,321,000 after buying an additional 900,283 shares during the period. Geode Capital Management LLC increased its stake in shares of Hamilton Lane by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company's stock valued at $170,280,000 after buying an additional 44,865 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Hamilton Lane by 10.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 780,363 shares of the company's stock valued at $115,533,000 after buying an additional 70,976 shares during the period. Institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

HLNE has been the topic of several research analyst reports. Morgan Stanley reduced their target price 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. Keefe, Bruyette & Woods reduced their price target on Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating on the stock in a research note on Monday, June 2nd. Wells Fargo & Company upped their price target on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. reduced their price target on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Wall Street Zen cut Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $161.29.

Hamilton Lane Stock Performance

HLNE stock traded up $1.25 during trading on Wednesday, reaching $155.52. The stock had a trading volume of 263,016 shares, compared to its average volume of 515,763. Hamilton Lane Inc. has a 52 week low of $123.98 and a 52 week high of $203.72. The stock's 50 day moving average is $151.85 and its two-hundred day moving average is $151.10. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.31. The firm has a market cap of $8.33 billion, a PE ratio of 28.85 and a beta of 1.22.

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, topping analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $197.97 million during the quarter, compared to analysts' expectations of $165.49 million. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The business's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.38 earnings per share. As a group, equities analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Friday, June 20th were given a dividend of $0.54 per share. The ex-dividend date was Friday, June 20th. This represents a $2.16 annualized dividend and a dividend yield of 1.39%. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. Hamilton Lane's dividend payout ratio (DPR) is currently 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.