Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 357,957 shares of the company’s stock after purchasing an additional 9,551 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.65% of Hamilton Lane worth $52,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLNE. FMR LLC boosted its stake in Hamilton Lane by 239.9% during 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 shares of Hamilton Lane in the third quarter valued at $8,291,000. Icon Wealth Advisors LLC acquired a new stake in shares of Hamilton Lane during the 3rd quarter valued at about $819,000. Royce & Associates LP acquired a new position in Hamilton Lane in the third quarter valued at about $538,000. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of 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 worth $3,522,000 after acquiring an additional 6,178 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Trading Down 1.7 %

NASDAQ:HLNE opened at $139.01 on Friday. Hamilton Lane Incorporated has a one year low of $105.09 and a one 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 4.19. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 25.65 and a beta of 1.28. The business has a fifty day moving average price of $153.25 and a 200-day moving average price of $165.08.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results 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 business had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. Sell-side analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Wall Street Analysts Forecast Growth

HLNE has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a research note on Monday, January 6th. Finally, 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Hamilton Lane has an average rating of “Hold” and a consensus price target of $173.14.

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.