Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Purchased by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lifted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 2,098.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,840 shares of the company's stock after acquiring an additional 98,162 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.19% of Hamilton Lane worth $15,225,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HLNE. Retirement Systems of Alabama acquired a new position in Hamilton Lane during the 3rd quarter worth approximately $8,291,000. Franklin Resources Inc. boosted its stake in shares of Hamilton Lane by 9.2% in the third quarter. Franklin Resources Inc. now owns 184,836 shares of the company's stock valued at $32,746,000 after buying an additional 15,554 shares in the last quarter. Artemis Investment Management LLP acquired a new position in Hamilton Lane during the fourth quarter worth $30,350,000. Principal Financial Group Inc. raised its position in Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock worth $98,297,000 after acquiring an additional 97,924 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in Hamilton Lane in the third quarter valued at $2,397,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Price Performance

Shares of HLNE traded up $4.97 during mid-day trading on Friday, reaching $160.59. 394,377 shares of the company's stock were exchanged, compared to its average volume of 430,674. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a 52-week low of $112.46 and a 52-week high of $203.72. The company has a market cap of $8.90 billion, a price-to-earnings ratio of 29.63 and a beta of 1.31. The company has a 50-day simple moving average of $145.48 and a two-hundred day simple moving average of $160.87.

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 the consensus estimate of $1.13 by $0.12. The company 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%. Hamilton Lane's revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. On average, sell-side analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared 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 was Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.22%. Hamilton Lane's dividend payout ratio is currently 36.16%.

Wall Street Analyst Weigh In

HLNE has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock 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 target price for the company in a report on Tuesday, January 21st. The Goldman Sachs Group downgraded shares of 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. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reduced their price objective on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a report on Tuesday. One investment 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 currently has an average rating of "Hold" and a consensus price target of $164.14.

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.