Swiss National Bank Has $11.21 Million Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Swiss National Bank increased its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,700 shares of the company’s stock after acquiring an additional 500 shares during the period. Swiss National Bank’s holdings in Hamilton Lane were worth $11,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings 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 during the last quarter. HighTower Advisors LLC increased its stake in Hamilton Lane by 6.0% in the 4th quarter. HighTower Advisors LLC now owns 1,824 shares of the company’s stock valued at $270,000 after buying an additional 103 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hamilton Lane by 25.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,883 shares of the company’s stock valued at $1,611,000 after buying an additional 2,203 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Hamilton Lane in the 4th quarter valued at about $1,199,000. Finally, Raymond James Financial Inc. purchased a new stake in Hamilton Lane in the 4th quarter valued at about $24,081,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Down 0.9 %

HLNE opened at $149.20 on Friday. The company has a 50 day moving average of $152.88 and a 200 day moving average of $164.71. The company has a market cap of $8.27 billion, a PE ratio of 27.53 and a beta of 1.28. Hamilton Lane Incorporated has a 12 month low of $107.22 and a 12 month high of $203.72. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same period last year, the firm earned $0.71 EPS. Hamilton Lane’s revenue for the quarter was up 34.3% on a year-over-year basis. On average, sell-side analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s payout ratio is 36.16%.

Wall Street Analyst Weigh In

HLNE has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research note on Thursday. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods raised their price target 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, The Goldman Sachs Group lowered 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 note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $170.71.

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.