Los Angeles Capital Management LLC Has $3.89 Million Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Los Angeles Capital Management LLC increased its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 24.4% in the fourth quarter, Holdings Channel reports. The firm owned 26,275 shares of the company’s stock after buying an additional 5,160 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Hamilton Lane were worth $3,890,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State Street Corp boosted its holdings in Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after buying an additional 489,557 shares during the last quarter. Wellington Management Group LLP boosted its stake in Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after acquiring an additional 413,015 shares during the last quarter. Artemis Investment Management LLP bought a new position in Hamilton Lane during the 4th quarter worth approximately $30,350,000. Barclays PLC grew its holdings in Hamilton Lane by 84.5% during the third quarter. Barclays PLC now owns 246,383 shares of the company’s stock valued at $41,488,000 after purchasing an additional 112,866 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after purchasing an additional 97,924 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

Shares of HLNE opened at $151.65 on Friday. Hamilton Lane Incorporated has a one year low of $103.42 and a one year high of $203.72. The company has a market cap of $8.41 billion, a PE ratio of 27.98 and a beta of 1.25. The stock has a 50-day moving average of $153.84 and a 200-day moving average of $164.70. 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 (NASDAQ:HLNE) last released 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 net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same period last year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 34.3% compared to the same quarter last year. On average, equities research analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HLNE shares. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a report on Monday, January 6th. Morgan Stanley increased their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Wells Fargo & Company increased their price target 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 lifted 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 report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. increased their price target on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $173.14.

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.