Stevens Capital Management LP Makes New Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Stevens Capital Management LP purchased a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,565 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLNE. Victory Capital Management Inc. boosted its stake in Hamilton Lane by 15.7% during the third quarter. Victory Capital Management Inc. now owns 10,667 shares of the company’s stock worth $1,796,000 after buying an additional 1,451 shares during the period. Intech Investment Management LLC purchased a new position in shares of Hamilton Lane during the 3rd quarter worth approximately $1,683,000. Massachusetts Financial Services Co. MA increased its holdings in Hamilton Lane by 4.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 333,027 shares of the company’s stock valued at $56,078,000 after purchasing an additional 15,582 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Hamilton Lane by 9.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 348,406 shares of the company’s stock valued at $58,668,000 after purchasing an additional 31,197 shares during the period. Finally, Citigroup Inc. lifted its stake in Hamilton Lane by 133.9% during the third quarter. Citigroup Inc. now owns 34,370 shares of the company’s stock worth $5,788,000 after purchasing an additional 19,677 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HLNE. Keefe, Bruyette & Woods boosted 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. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a research report on Monday, January 6th. Finally, Wells Fargo & Company dropped 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 report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Hamilton Lane currently has an average rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $155.89 on Tuesday. The business has a 50-day simple moving average of $153.46 and a 200-day simple moving average of $164.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a one year low of $107.22 and a one year high of $203.72. The company has a market cap of $8.64 billion, a PE ratio of 28.76 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly 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. 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 analysts’ expectations of $158.86 million. During the same quarter in the previous year, the business posted $0.71 EPS. The firm’s revenue was up 34.3% on a year-over-year basis. On average, equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared 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 yield of 1.26%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio is presently 36.16%.

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.