Silvercrest Asset Management Group LLC Raises Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Silvercrest Asset Management Group LLC boosted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 119,540 shares of the company's stock after acquiring an additional 5,801 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.22% of Hamilton Lane worth $17,698,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HLNE. CBIZ Investment Advisory Services LLC grew its position 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 valued at $43,000 after purchasing an additional 61 shares during the period. Farther Finance Advisors LLC lifted its stake in Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after buying an additional 221 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Hamilton Lane in the 4th quarter worth about $65,000. R Squared Ltd acquired a new stake in Hamilton Lane in the 4th quarter worth about $213,000. Finally, Aigen Investment Management LP purchased a new stake in Hamilton Lane during the 4th quarter worth approximately $221,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Trading Up 2.0%

Shares of NASDAQ:HLNE traded up $3.21 during mid-day trading on Thursday, reaching $164.93. 161,726 shares of the company were exchanged, compared to its average volume of 437,549. Hamilton Lane Incorporated has a 1 year low of $114.85 and a 1 year high of $203.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The firm's 50-day simple moving average is $150.85 and its 200 day simple moving average is $159.63. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 30.43 and a beta of 1.31.

Hamilton Lane Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.19%. Hamilton Lane's dividend payout ratio is currently 36.16%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HLNE shares. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. dropped their price objective on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. 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 note on Wednesday, February 5th. Finally, Morgan Stanley decreased their price objective on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company's 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 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.