Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,824 shares of the company’s stock after purchasing an additional 103 shares during the quarter. HighTower Advisors LLC’s holdings in Hamilton Lane were worth $270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. The Manufacturers Life Insurance Company grew its position in shares of Hamilton Lane by 102.5% in the third quarter. The Manufacturers Life Insurance Company now owns 47,119 shares of the company’s stock valued at $7,934,000 after purchasing an additional 23,854 shares during the period. FMR LLC lifted its holdings in 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 buying an additional 3,922 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Hamilton Lane by 4.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,680 shares of the company’s stock valued at $1,462,000 after acquiring an additional 340 shares during the period. Erste Asset Management GmbH acquired a new stake in Hamilton Lane during the 3rd quarter worth approximately $1,212,000. Finally, Janus Henderson Group PLC raised its position in Hamilton Lane by 30.2% during the 3rd quarter. Janus Henderson Group PLC now owns 49,293 shares of the company’s stock worth $8,300,000 after buying an additional 11,445 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research report on Monday, January 6th. Wells Fargo & Company reduced their target price on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. Keefe, Bruyette & Woods increased 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 upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $170.71.

Hamilton Lane Stock Up 2.3 %

Shares of NASDAQ HLNE opened at $155.48 on Thursday. The stock’s 50-day simple moving average is $153.71 and its 200-day simple moving average is $165.00. Hamilton Lane Incorporated has a 1 year low of $108.34 and a 1 year high of $203.72. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 28.69 and a beta of 1.28. 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 (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The firm had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Hamilton Lane’s revenue for the quarter was up 34.3% compared to the same quarter last year. As a group, equities analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is 36.16%.

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.