Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC raised its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 94.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,013 shares of the company’s stock after purchasing an additional 2,429 shares during the quarter. Guggenheim Capital LLC’s holdings in Hamilton Lane were worth $742,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HLNE. 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 worth $43,000 after acquiring an additional 61 shares during the period. 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 period. R Squared Ltd purchased a new stake in shares of Hamilton Lane in the fourth quarter valued at $213,000. Aigen Investment Management LP purchased a new position in Hamilton Lane during the fourth quarter worth about $221,000. Finally, OLD National Bancorp IN purchased a new position in Hamilton Lane during the fourth quarter worth about $222,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Up 2.7 %

Shares of Hamilton Lane stock opened at $148.01 on Friday. The company has a fifty day moving average price of $145.83 and a 200 day moving average price of $161.62. 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 Incorporated has a twelve month low of $110.70 and a twelve month high of $203.72. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 27.31 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to the consensus estimate 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 was up 34.3% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. Equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.32%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HLNE. Morgan Stanley dropped their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Oppenheimer raised 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. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. Finally, Wells Fargo & Company reduced their target price 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Hamilton Lane currently has a consensus rating of “Hold” and a consensus target price of $165.29.

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.