California Public Employees Retirement System Increases Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

California Public Employees Retirement System raised its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 29.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,510 shares of the company’s stock after buying an additional 11,649 shares during the quarter. California Public Employees Retirement System’s holdings in Hamilton Lane were worth $7,626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership purchased a new position in Hamilton Lane in the 4th quarter worth approximately $12,487,000. Orion Portfolio Solutions LLC increased its position in shares of Hamilton Lane by 7.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,080 shares of the company’s stock valued at $2,381,000 after acquiring an additional 1,179 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Hamilton Lane by 2.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company’s stock worth $801,000 after buying an additional 108 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Hamilton Lane by 567.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,444 shares of the company’s stock valued at $510,000 after purchasing an additional 2,928 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in Hamilton Lane in the fourth quarter worth about $1,349,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $134.12 on Tuesday. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 24.75 and a beta of 1.32. The firm has a fifty day moving average price of $152.33 and a 200 day moving average price of $164.62. Hamilton Lane Incorporated has a fifty-two week low of $108.34 and a fifty-two week high of $203.72. 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 posted its earnings results on Tuesday, February 4th. The company reported $1.25 EPS 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 the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. As a group, sell-side analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HLNE. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research note on Monday, January 6th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a report on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their price target on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $170.71.

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.