Stephens Inc. AR Makes New Investment in Hamilton Lane Inc. (NASDAQ:HLNE)

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

Several other large investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its position in shares of Hamilton Lane by 6.0% in the fourth quarter. HighTower Advisors LLC now owns 1,824 shares of the company's stock valued at $270,000 after acquiring an additional 103 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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. Commonwealth Equity Services LLC purchased a new position in shares of Hamilton Lane in the fourth quarter valued at about $736,000. Cibc World Markets Corp purchased a new position in shares of Hamilton Lane in the fourth quarter valued at about $532,000. Finally, Xponance Inc. lifted its position in shares of Hamilton Lane by 6.3% in the fourth quarter. Xponance Inc. now owns 5,662 shares of the company's stock valued at $838,000 after acquiring an additional 335 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

HLNE has been the topic of a number of research analyst reports. Wall Street Zen downgraded Hamilton Lane from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods lowered their price objective 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. Wells Fargo & Company raised their price objective on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Finally, Morgan Stanley lowered their price objective on 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 issued a hold rating to the company's stock. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of "Hold" and a consensus price target of $164.43.

Hamilton Lane Stock Down 2.8%

Shares of NASDAQ:HLNE opened at $154.64 on Friday. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 0.31. The stock has a market cap of $8.28 billion, a P/E ratio of 28.69 and a beta of 1.22. The business's 50 day moving average is $152.67 and its 200 day moving average is $151.05. Hamilton Lane Inc. has a 52-week low of $123.98 and a 52-week high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The business had revenue of $197.97 million for the quarter, compared to analysts' expectations of $165.49 million. During the same quarter last year, the firm earned $1.38 EPS. The business's revenue for the quarter was up 12.1% on a year-over-year basis. Sell-side analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 20th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, June 20th. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. Hamilton Lane's dividend payout ratio is currently 40.07%.

Hamilton Lane Company 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.

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