Jump Financial LLC Takes $2.74 Million Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Jump Financial LLC acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,488 shares of the company’s stock, valued at approximately $2,737,000.

A number of other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new position in shares of Hamilton Lane in the 3rd quarter valued at $291,000. Barclays PLC grew its stake in Hamilton Lane by 84.5% in the third quarter. Barclays PLC now owns 246,383 shares of the company’s stock valued at $41,488,000 after acquiring an additional 112,866 shares during the period. Virtu Financial LLC bought a new stake in shares of Hamilton Lane in the third quarter worth about $310,000. Franklin Resources Inc. raised its position in shares of Hamilton Lane by 9.2% during the third quarter. Franklin Resources Inc. now owns 184,836 shares of the company’s stock worth $32,746,000 after purchasing an additional 15,554 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Hamilton Lane during the 3rd quarter valued at about $2,397,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. The Goldman Sachs Group lowered 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 note on Monday, January 6th. Morgan Stanley reduced their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research note on Monday. Wells Fargo & Company dropped their price target on Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $165.29.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $137.73 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a 50 day moving average price of $147.37 and a 200 day moving average price of $162.69. The stock has a market capitalization of $7.64 billion, a PE ratio of 25.41 and a beta of 1.32. Hamilton Lane Incorporated has a 52 week low of $108.34 and a 52 week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. The company had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. Analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.49 per share. The ex-dividend date was Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.42%. Hamilton Lane’s dividend payout ratio is presently 36.16%.

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.