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

Los Angeles Capital Management LLC boosted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 24.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,275 shares of the company’s stock after acquiring an additional 5,160 shares during the period. Los Angeles Capital Management LLC’s holdings in Hamilton Lane were worth $3,890,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HLNE. Amalgamated Bank lifted its position in shares of Hamilton Lane by 2.7% during the 4th quarter. Amalgamated Bank now owns 18,973 shares of the company’s stock worth $2,809,000 after purchasing an additional 499 shares during the last quarter. Bank of New York Mellon Corp increased its position in Hamilton Lane by 2.3% in the 4th quarter. Bank of New York Mellon Corp now owns 356,226 shares of the company’s stock worth $52,739,000 after buying an additional 7,932 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Hamilton Lane during the fourth quarter worth approximately $528,000. Alberta Investment Management Corp boosted its position in shares of Hamilton Lane by 12.9% in the fourth quarter. Alberta Investment Management Corp now owns 28,855 shares of the company’s stock valued at $4,272,000 after acquiring an additional 3,294 shares during the period. Finally, TimesSquare Capital Management LLC boosted its position in shares of Hamilton Lane by 26.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 315,468 shares of the company’s stock valued at $46,705,000 after acquiring an additional 65,308 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on HLNE. JPMorgan Chase & Co. upped their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods upped 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. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research report on Monday, January 6th. Morgan Stanley upped their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company raised their price objective on Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $173.14.

Hamilton Lane Stock Down 1.4 %

NASDAQ HLNE opened at $151.65 on Friday. Hamilton Lane Incorporated has a 1-year low of $103.42 and a 1-year high of $203.72. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 27.98 and a beta of 1.25. The stock’s 50 day moving average is $153.84 and its two-hundred day moving average is $164.70. 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 (NASDAQ:HLNE) last announced its quarterly 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. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same quarter in the previous year, the firm earned $0.71 EPS. Hamilton Lane’s quarterly revenue was up 34.3% on a year-over-year basis. Equities analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

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

About Hamilton Lane

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.