KLP Kapitalforvaltning AS Invests $1.17 Million in Hamilton Lane Incorporated (NASDAQ:HLNE)

KLP Kapitalforvaltning AS acquired a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 7,900 shares of the company’s stock, valued at approximately $1,173,000.

Several other large investors also recently modified their holdings of the company. AXQ Capital LP bought a new stake in Hamilton Lane during the fourth quarter valued at $270,000. American Century Companies Inc. boosted its position in shares of Hamilton Lane by 7.7% during the 4th quarter. American Century Companies Inc. now owns 551,466 shares of the company’s stock valued at $81,645,000 after purchasing an additional 39,342 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Hamilton Lane during the fourth quarter worth approximately $2,562,000. Blueshift Asset Management LLC bought a new stake in Hamilton Lane in the fourth quarter worth approximately $257,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Hamilton Lane by 3.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,225 shares of the company’s stock valued at $1,366,000 after buying an additional 290 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Hamilton Lane Trading Down 2.5 %

NASDAQ:HLNE opened at $147.08 on Friday. 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 Incorporated has a one year low of $108.34 and a one year high of $203.72. The company has a market cap of $8.15 billion, a PE ratio of 27.14 and a beta of 1.28. The firm has a 50-day moving average of $153.94 and a 200-day moving average of $164.97.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS 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 firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same period in the previous year, the company posted $0.71 EPS. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. As a group, equities research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

About Hamilton Lane

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.