Geode Capital Management LLC Raises Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Geode Capital Management LLC boosted its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,149,928 shares of the company's stock after purchasing an additional 44,865 shares during the quarter. Geode Capital Management LLC owned about 2.07% of Hamilton Lane worth $170,280,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HLNE. CBIZ Investment Advisory Services LLC raised its holdings in shares of Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC increased its position 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 acquiring an additional 221 shares during the period. R Squared Ltd purchased a new stake in Hamilton Lane during the 4th quarter valued at approximately $213,000. Aigen Investment Management LP acquired a new stake in Hamilton Lane during the 4th quarter worth approximately $221,000. Finally, OLD National Bancorp IN purchased a new position in shares of Hamilton Lane in the 4th quarter valued at approximately $222,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HLNE shares. Wells Fargo & Company cut their price target on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price on the stock. in a report on Monday, January 6th. Finally, Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target for the company in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $170.00.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE traded down $0.86 during midday trading on Friday, hitting $137.21. The company had a trading volume of 549,751 shares, compared to its average volume of 413,393. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The business has a 50-day simple moving average of $149.69 and a two-hundred day simple moving average of $163.46. Hamilton Lane Incorporated has a twelve month low of $108.34 and a twelve month high of $203.72. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 25.32 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The company's revenue was up 34.3% compared to the same quarter last year. Equities research analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's dividend payout ratio is currently 36.16%.

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.