Meketa Capital LLC Invests $1.33 Million in Hamilton Lane Incorporated (NASDAQ:HLNE)

Meketa Capital LLC purchased a new position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,959 shares of the company's stock, valued at approximately $1,326,000. Hamilton Lane comprises approximately 3.0% of Meketa Capital LLC's holdings, making the stock its 14th biggest position.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Hamilton Lane by 229.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock valued at $191,321,000 after purchasing an additional 900,283 shares during the period. Vanguard Group Inc. boosted its stake in shares of Hamilton Lane by 28.4% during the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after purchasing an additional 863,326 shares during the period. Norges Bank purchased a new stake in shares of Hamilton Lane during the fourth quarter valued at $68,909,000. Invesco Ltd. boosted its stake in shares of Hamilton Lane by 25.3% during the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock valued at $284,738,000 after purchasing an additional 388,019 shares during the period. Finally, Artemis Investment Management LLP purchased a new stake in shares of Hamilton Lane during the fourth quarter valued at $30,350,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Stock Up 1.5%

HLNE traded up $2.63 on Friday, hitting $172.74. The company had a trading volume of 387,017 shares, compared to its average volume of 436,970. The stock has a fifty day moving average price of $149.24 and a 200-day moving average price of $159.73. Hamilton Lane Incorporated has a 12-month low of $114.85 and a 12-month high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 31.87 and a beta of 1.31.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.13%. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HLNE shares. JPMorgan Chase & Co. decreased 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, April 29th. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley decreased their price objective on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $164.14.

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.