Islay Capital Management LLC Buys Shares of 3,334 Hamilton Lane Incorporated (NASDAQ:HLNE)

Islay Capital Management LLC purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,334 shares of the company’s stock, valued at approximately $378,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Hamilton Lane in the fourth quarter valued at approximately $48,000. International Assets Investment Management LLC bought a new position in shares of Hamilton Lane in the fourth quarter valued at approximately $142,000. Nomura Asset Management Co. Ltd. lifted its holdings in Hamilton Lane by 11.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,609 shares of the company’s stock worth $146,000 after acquiring an additional 168 shares during the period. CI Investments Inc. bought a new stake in Hamilton Lane during the third quarter worth $155,000. Finally, Pathstone Family Office LLC bought a new stake in Hamilton Lane during the third quarter worth $202,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Price Performance

Hamilton Lane stock traded down $2.15 during midday trading on Tuesday, hitting $112.07. 49,467 shares of the company’s stock were exchanged, compared to its average volume of 246,353. Hamilton Lane Incorporated has a 52-week low of $62.86 and a 52-week high of $121.90. The stock has a 50-day moving average price of $111.69 and a two-hundred day moving average price of $106.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.58 and a current ratio of 2.58. The company has a market cap of $6.05 billion, a P/E ratio of 34.65 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 6th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.17). Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. The business had revenue of $125.26 million for the quarter, compared to analysts’ expectations of $130.47 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Hamilton Lane’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Hamilton Lane Incorporated will post 3.53 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is currently 54.77%.

Insiders Place Their Bets

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 55,000 shares of Hamilton Lane stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the completion of the sale, the insider now owns 480,015 shares of the company’s stock, valued at $51,841,620. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 26.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HLNE. UBS Group lifted their price target on Hamilton Lane from $118.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Morgan Stanley raised their target price on Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Oppenheimer downgraded Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 11th. Wells Fargo & Company raised their target price on Hamilton Lane from $106.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. downgraded Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 target price for the company. in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane has an average rating of “Hold” and a consensus price target of $109.67.

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.