Jump Financial LLC Purchases Shares of 18,488 Hamilton Lane Incorporated (NASDAQ:HLNE)

Jump Financial LLC acquired a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 18,488 shares of the company’s stock, valued at approximately $2,737,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC grew its stake in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock valued at $44,000 after purchasing an additional 221 shares during the last quarter. R Squared Ltd bought a new position in shares of Hamilton Lane during the fourth quarter worth approximately $213,000. Aigen Investment Management LP bought a new stake in Hamilton Lane in the 4th quarter valued at $221,000. Finally, OLD National Bancorp IN acquired a new position in Hamilton Lane in the 4th quarter valued at $222,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research report on Monday. Wells Fargo & Company decreased their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research report on Tuesday, January 21st. The Goldman Sachs Group downgraded 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, Keefe, Bruyette & Woods lifted 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $165.29.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE opened at $137.73 on Friday. The company’s 50 day simple moving average is $147.37 and its 200 day simple moving average is $162.69. 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 Incorporated has a 1 year low of $108.34 and a 1 year high of $203.72. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 25.41 and a beta of 1.32.

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

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.42%. Hamilton Lane’s payout ratio is currently 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.