Swiss National Bank Buys 500 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Swiss National Bank grew its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,700 shares of the company’s stock after buying an additional 500 shares during the quarter. Swiss National Bank owned approximately 0.14% of Hamilton Lane worth $11,207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLNE. Farther Finance Advisors LLC grew its stake in shares of Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after buying an additional 221 shares during the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of Hamilton Lane during the third quarter worth $111,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Hamilton Lane during the third quarter worth $127,000. KBC Group NV lifted its holdings in shares of Hamilton Lane by 18.0% during the third quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $192,000 after purchasing an additional 174 shares during the period. Finally, Associated Banc Corp acquired a new position in shares of Hamilton Lane during the third quarter worth $212,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

HLNE stock opened at $149.20 on Friday. The stock has a market capitalization of $8.27 billion, a PE ratio of 27.53 and a beta of 1.28. The company’s 50-day moving average is $152.88 and its 200-day moving average is $164.71. 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 $107.22 and a 1 year high of $203.72.

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

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.31%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HLNE. Wells Fargo & Company cut their price target on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock 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 target price on the stock in a report on Tuesday, January 21st. Finally, 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. One investment 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. According to MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and an average price target of $170.71.

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.