Raymond James Financial Inc. Purchases Shares of 162,658 Hamilton Lane Incorporated (NASDAQ:HLNE)

Raymond James Financial Inc. purchased a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 162,658 shares of the company's stock, valued at approximately $24,081,000. Raymond James Financial Inc. owned about 0.29% of Hamilton Lane as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of HLNE. CBIZ Investment Advisory Services LLC lifted its stake 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 worth $43,000 after acquiring an additional 61 shares during the period. Farther Finance Advisors LLC raised its position in shares of Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after acquiring an additional 221 shares in the last quarter. R Squared Ltd bought a new stake in shares of Hamilton Lane during the 4th quarter valued at about $213,000. Aigen Investment Management LP bought a new stake in Hamilton Lane in the fourth quarter worth approximately $221,000. Finally, OLD National Bancorp IN acquired a new position in Hamilton Lane in the fourth quarter valued at approximately $222,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HLNE shares. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company dropped their price target on 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. 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. The Goldman Sachs Group cut 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 upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective on the stock in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Hamilton Lane currently has an average rating of "Hold" and an average price target of $165.29.

Hamilton Lane Stock Up 3.3 %

Shares of HLNE stock traded up $4.73 on Thursday, hitting $148.83. The stock had a trading volume of 94,070 shares, compared to its average volume of 423,932. Hamilton Lane Incorporated has a 12-month low of $109.96 and a 12-month high of $203.72. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 27.35 and a beta of 1.32. The business has a 50 day moving average of $146.00 and a 200 day moving average of $161.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19.

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

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio is presently 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.