Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 98,978 shares of the company's stock after purchasing an additional 6,223 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Hamilton Lane worth $14,654,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HLNE. Vista Finance LLC purchased a new stake in shares of Hamilton Lane in the fourth quarter valued at about $338,000. Kingsview Wealth Management LLC acquired a new stake in shares of Hamilton Lane during the fourth quarter valued at $2,421,000. State of Michigan Retirement System increased its position in Hamilton Lane by 3.1% during the 4th quarter. State of Michigan Retirement System now owns 9,900 shares of the company's stock worth $1,466,000 after purchasing an additional 300 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Hamilton Lane by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 357,957 shares of the company's stock valued at $52,996,000 after purchasing an additional 9,551 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Hamilton Lane in the 4th quarter valued at about $24,081,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Trading Down 4.0%

Shares of HLNE traded down $6.31 during mid-day trading on Friday, reaching $149.77. The company had a trading volume of 1,480,590 shares, compared to its average volume of 454,185. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 27.63 and a beta of 1.31. The firm has a fifty day simple moving average of $152.75 and a 200-day simple moving average of $158.35. 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 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 issued its earnings results 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 return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $197.97 million for the quarter, compared to analyst estimates of $165.49 million. During the same period last year, the company posted $1.38 EPS. The business's quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 20th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.44%. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. Hamilton Lane's payout ratio is presently 36.16%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company lowered 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 report on Friday. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Morgan Stanley decreased their price objective on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. dropped their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $166.14.

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.