Guggenheim Capital LLC Boosts Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Guggenheim Capital LLC grew its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 94.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,013 shares of the company's stock after buying an additional 2,429 shares during the quarter. Guggenheim Capital LLC's holdings in Hamilton Lane were worth $742,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HLNE. Barclays PLC grew its holdings in shares of Hamilton Lane by 84.5% in the third quarter. Barclays PLC now owns 246,383 shares of the company's stock worth $41,488,000 after purchasing an additional 112,866 shares during the last quarter. Virtu Financial LLC purchased a new stake in Hamilton Lane in the 3rd quarter valued at about $310,000. Franklin Resources Inc. grew its stake in Hamilton Lane by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 184,836 shares of the company's stock worth $32,746,000 after acquiring an additional 15,554 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Hamilton Lane during the third quarter worth approximately $2,397,000. Finally, Retirement Systems of Alabama bought a new stake in shares of Hamilton Lane during the third quarter valued at approximately $8,291,000. Institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on HLNE. The Goldman Sachs Group downgraded Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective on the stock. in a report on Monday, January 6th. Morgan Stanley lowered their price objective on shares of 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. 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 research report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company cut their price target on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $164.14.

Hamilton Lane Stock Down 0.0 %

Shares of HLNE stock traded down $0.02 during trading hours on Wednesday, reaching $154.49. 416,017 shares of the company's stock were exchanged, compared to its average volume of 430,257. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 28.50 and a beta of 1.32. Hamilton Lane Incorporated has a fifty-two week low of $110.90 and a fifty-two week high of $203.72. The stock's 50 day moving average is $145.43 and its 200-day moving average is $161.02.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company's quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. Analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.27%. Hamilton Lane's dividend payout ratio is currently 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.