State of Alaska Department of Revenue Increases Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

State of Alaska Department of Revenue boosted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,765 shares of the company’s stock after purchasing an additional 65 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hamilton Lane were worth $705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in shares of Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after buying an additional 489,557 shares during the period. Wellington Management Group LLP increased its position in Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after purchasing an additional 413,015 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Hamilton Lane in the 4th quarter valued at about $30,350,000. Barclays PLC lifted its position in shares of Hamilton Lane by 84.5% in the 3rd quarter. Barclays PLC now owns 246,383 shares of the company’s stock worth $41,488,000 after purchasing an additional 112,866 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Hamilton Lane by 20.2% during the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after purchasing an additional 97,924 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Stock Up 2.9 %

NASDAQ:HLNE opened at $156.19 on Friday. The firm has a market capitalization of $8.66 billion, a P/E ratio of 28.82 and a beta of 1.25. The company’s fifty day moving average price is $155.92 and its 200-day moving average price is $163.52. Hamilton Lane Incorporated has a 1-year low of $103.42 and a 1-year high of $203.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share 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 company had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. During the same period last year, the business earned $0.71 earnings per share. Hamilton Lane’s quarterly revenue was up 34.3% on a year-over-year basis. As a group, equities research analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s payout ratio is currently 36.16%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a report on Tuesday, January 21st. UBS Group raised their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. 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. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. Finally, Morgan Stanley boosted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. 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 company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $173.14.

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.