3,569 Shares in Hamilton Lane Incorporated (NASDAQ:HLNE) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in Hamilton Lane Incorporated (NASDAQ:HLNE) during the 4th quarter, HoldingsChannel reports. The fund acquired 3,569 shares of the company’s stock, valued at approximately $528,000.

Several other hedge funds have also bought and sold shares of HLNE. State of Alaska Department of Revenue purchased a new stake in Hamilton Lane in the 3rd quarter worth approximately $791,000. New York State Teachers Retirement System purchased a new stake in Hamilton Lane in the 3rd quarter worth approximately $1,010,000. US Bancorp DE boosted its position in Hamilton Lane by 399.2% in the 3rd quarter. US Bancorp DE now owns 1,892 shares of the company’s stock worth $319,000 after purchasing an additional 1,513 shares in the last quarter. New York State Common Retirement Fund boosted its position in Hamilton Lane by 70.6% in the 3rd quarter. New York State Common Retirement Fund now owns 132,155 shares of the company’s stock worth $22,254,000 after purchasing an additional 54,677 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Hamilton Lane by 3.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 4,814 shares of the company’s stock worth $811,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HLNE. Morgan Stanley increased their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Wells Fargo & Company increased their target price on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. increased their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $173.14.

Hamilton Lane Trading Up 3.1 %

Shares of HLNE stock opened at $156.32 on Friday. The stock’s fifty day moving average is $153.95 and its two-hundred day moving average is $165.02. 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 firm has a market capitalization of $8.67 billion, a P/E ratio of 28.84 and a beta of 1.25. Hamilton Lane Incorporated has a fifty-two week low of $103.42 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same quarter last year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis. Research analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) 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.