Voloridge Investment Management LLC Makes New $13.49 Million Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Voloridge Investment Management LLC acquired a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 91,124 shares of the company's stock, valued at approximately $13,491,000. Voloridge Investment Management LLC owned approximately 0.16% of Hamilton Lane as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in HLNE. CBIZ Investment Advisory Services LLC lifted its position 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 worth $43,000 after buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after buying an additional 221 shares during the period. Kapitalo Investimentos Ltda acquired a new position in Hamilton Lane in the 4th quarter valued at $65,000. R Squared Ltd acquired a new position in Hamilton Lane in the 4th quarter valued at $213,000. Finally, Aigen Investment Management LP acquired a new position in Hamilton Lane in the 4th quarter valued at $221,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HLNE shares. Keefe, Bruyette & Woods upped their price target 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. JPMorgan Chase & Co. decreased their price objective on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $147.00 to $166.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Morgan Stanley decreased their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Finally, Oppenheimer lowered shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $166.86.

Hamilton Lane Stock Down 11.8%

NASDAQ:HLNE traded down $20.78 during trading hours on Thursday, hitting $154.72. The stock had a trading volume of 564,376 shares, compared to its average volume of 445,040. 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 Incorporated has a 1-year low of $114.85 and a 1-year high of $203.72. The business has a 50 day simple moving average of $152.90 and a two-hundred day simple moving average of $158.99. The company has a market cap of $8.58 billion, a PE ratio of 28.63 and a beta of 1.31.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. During the same quarter in the prior year, the business earned $1.38 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. Analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.27%. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

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.