3,569 Shares in Hamilton Lane Incorporated (NASDAQ:HLNE) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in Hamilton Lane Incorporated (NASDAQ:HLNE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,569 shares of the company’s stock, valued at approximately $528,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in Hamilton Lane by 31.1% in the third 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 period. State Street Corp raised its holdings in Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after purchasing an additional 489,557 shares in the last quarter. Geode Capital Management LLC raised its holdings in Hamilton Lane by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after purchasing an additional 25,657 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after purchasing an additional 97,924 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Hamilton Lane by 9.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 348,406 shares of the company’s stock worth $58,668,000 after purchasing an additional 31,197 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

HLNE opened at $156.32 on Friday. Hamilton Lane Incorporated has a 52-week low of $103.42 and a 52-week high of $203.72. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The company has a market cap of $8.67 billion, a P/E ratio of 28.84 and a beta of 1.25. The firm’s 50-day moving average price is $153.95 and its 200-day moving average price is $165.02.

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

Hamilton Lane Announces Dividend

The firm 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 $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.25%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their target price 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 for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a report on Monday, January 6th. Finally, Wells Fargo & Company boosted their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. One investment 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, Hamilton Lane has a consensus rating of “Hold” and an average target price of $173.14.

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.