Grandeur Peak Global Advisors LLC Purchases New Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Grandeur Peak Global Advisors LLC purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,507 shares of the company's stock, valued at approximately $2,296,000.

Other large investors also recently modified their holdings of the company. FMR LLC increased its position in shares of Hamilton Lane by 239.9% during the third quarter. FMR LLC now owns 5,557 shares of the company's stock worth $936,000 after acquiring an additional 3,922 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Hamilton Lane in the third quarter valued at approximately $291,000. Integrated Wealth Concepts LLC grew its holdings in Hamilton Lane by 6.3% during the third quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company's stock worth $303,000 after buying an additional 106 shares in the last quarter. Stifel Financial Corp boosted its holdings in Hamilton Lane by 7.6% during the 3rd quarter. Stifel Financial Corp now owns 40,527 shares of the company's stock worth $6,824,000 after acquiring an additional 2,867 shares during the last quarter. Finally, Wolverine Trading LLC boosted its holdings in Hamilton Lane by 265.4% during the third quarter. Wolverine Trading LLC now owns 3,308 shares of the company's stock worth $551,000 after purchasing an additional 5,308 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HLNE. Morgan Stanley lowered 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. Wells Fargo & Company lowered their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. 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 report on Wednesday, February 5th. The Goldman Sachs Group lowered Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target for the company. in a research report on Monday, January 6th. Finally, Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $165.29.

Hamilton Lane Stock Performance

Shares of HLNE traded up $4.02 during mid-day trading on Thursday, reaching $139.07. The company had a trading volume of 366,799 shares, compared to its average volume of 418,792. The stock has a 50 day moving average of $147.95 and a two-hundred day moving average of $162.91. 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 stock has a market capitalization of $7.71 billion, a P/E ratio of 25.60 and a beta of 1.32. Hamilton Lane Incorporated has a 52-week low of $108.34 and a 52-week high of $203.72.

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

Hamilton Lane Dividend Announcement

The company also recently disclosed 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 1.41%. Hamilton Lane's dividend payout ratio (DPR) is currently 36.16%.

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.