Victory Capital Management Inc. Acquires 6,313 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Victory Capital Management Inc. raised its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 59.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,980 shares of the company’s stock after purchasing an additional 6,313 shares during the period. Victory Capital Management Inc.’s holdings in Hamilton Lane were worth $2,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane during the third quarter valued at approximately $111,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Hamilton Lane during the third quarter valued at approximately $127,000. KBC Group NV increased its position in shares of Hamilton Lane by 18.0% during the third quarter. KBC Group NV now owns 1,141 shares of the company’s stock valued at $192,000 after acquiring an additional 174 shares in the last quarter. Associated Banc Corp bought a new stake in shares of Hamilton Lane during the third quarter valued at approximately $212,000. Finally, R Squared Ltd bought a new stake in shares of Hamilton Lane during the fourth quarter valued at approximately $213,000. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HLNE shares. Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a research report on Monday, January 6th. Finally, Oppenheimer raised shares of 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $173.14.

Hamilton Lane Trading Up 2.6 %

Shares of Hamilton Lane stock opened at $142.56 on Monday. The company’s fifty day simple moving average is $152.89 and its 200-day simple moving average is $165.02. The stock has a market capitalization of $7.90 billion, a PE ratio of 26.30 and a beta of 1.28. Hamilton Lane Incorporated has a 1-year low of $105.16 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 4.19.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. During the same quarter in the previous year, the company earned $0.71 EPS. Hamilton Lane’s revenue for the quarter was up 34.3% on a year-over-year basis. As a group, equities analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s payout ratio is currently 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.