Commonwealth Equity Services LLC Invests $736,000 in Hamilton Lane Incorporated (NASDAQ:HLNE)

Commonwealth Equity Services LLC bought a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,973 shares of the company’s stock, valued at approximately $736,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HLNE. FMR LLC boosted its position in shares of Hamilton Lane by 239.9% during the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock worth $936,000 after acquiring an additional 3,922 shares in the last quarter. Retirement Systems of Alabama purchased a new stake in Hamilton Lane during the third quarter worth approximately $8,291,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Hamilton Lane by 41.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock valued at $3,522,000 after purchasing an additional 6,178 shares in the last quarter. Geode Capital Management LLC increased its stake 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 valued at $186,111,000 after purchasing an additional 25,657 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in 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 in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HLNE shares. The Goldman Sachs Group cut 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. Wells Fargo & Company decreased their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Finally, Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Hamilton Lane presently has an average rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $155.48 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a one year low of $108.34 and a one year high of $203.72. The company has a 50-day simple moving average of $153.71 and a 200-day simple moving average of $165.00. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 28.69 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm earned $0.71 EPS. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis. On average, analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

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 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, March 14th. 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.