Vanguard Group Inc. Grows Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Vanguard Group Inc. increased its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 28.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,901,933 shares of the company’s stock after buying an additional 863,326 shares during the period. Vanguard Group Inc. owned about 7.04% of Hamilton Lane worth $577,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. CBIZ Investment Advisory Services LLC lifted its holdings in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Hamilton Lane by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock worth $705,000 after acquiring an additional 65 shares during the last quarter. Arizona State Retirement System grew its stake in Hamilton Lane by 0.7% during the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock valued at $1,653,000 after acquiring an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. increased its holdings in Hamilton Lane by 5.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after acquiring an additional 84 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in Hamilton Lane by 0.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock worth $2,509,000 after purchasing an additional 93 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Trading Up 1.1 %

Shares of HLNE opened at $148.67 on Tuesday. The company’s fifty day simple moving average is $153.91 and its 200-day simple moving average is $165.08. The company has a market cap of $8.24 billion, a P/E ratio of 27.43 and a beta of 1.28. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a twelve month low of $108.34 and a twelve month high of $203.72.

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. The company had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. As a group, analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio is currently 36.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HLNE shares. Keefe, Bruyette & Woods boosted 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. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a report on Monday, January 6th. Wells Fargo & Company cut their target price on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. Finally, 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 report 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $170.71.

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.