Crossmark Global Holdings Inc. Boosts Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Crossmark Global Holdings Inc. raised its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 41.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,513 shares of the company’s stock after buying an additional 741 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Hamilton Lane were worth $372,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its holdings in Hamilton Lane by 239.9% in the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after purchasing an additional 3,922 shares in the last quarter. Retirement Systems of Alabama acquired a new position in Hamilton Lane in the third quarter valued at approximately $8,291,000. Icon Wealth Advisors LLC bought a new stake in Hamilton Lane in the third quarter valued at $819,000. Royce & Associates LP acquired a new stake in shares of Hamilton Lane in the third quarter valued at approximately $538,000. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Hamilton Lane by 41.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock worth $3,522,000 after acquiring an additional 6,178 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

HLNE has been the subject of a number of research analyst reports. UBS Group upped their target price on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods lowered their price target on Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. lifted their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company cut their price objective on Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group downgraded shares of 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Hamilton Lane presently has an average rating of “Hold” and an average price target of $170.86.

Hamilton Lane Stock Up 0.7 %

Shares of HLNE opened at $160.99 on Monday. Hamilton Lane Incorporated has a 52 week low of $103.42 and a 52 week high of $203.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The firm has a market capitalization of $8.92 billion, a P/E ratio of 34.92 and a beta of 1.24. The company has a 50-day simple moving average of $165.82 and a 200-day simple moving average of $161.76.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 EPS. On average, equities research analysts expect that Hamilton Lane Incorporated will post 4.88 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.52%.

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.