LPL Financial LLC Purchases 2,101 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

LPL Financial LLC boosted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 27.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,816 shares of the company’s stock after acquiring an additional 2,101 shares during the period. LPL Financial LLC’s holdings in Hamilton Lane were worth $1,453,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HLNE. CBIZ Investment Advisory Services LLC boosted its stake in Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after buying an additional 61 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Hamilton Lane by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock valued at $705,000 after purchasing an additional 65 shares during the last quarter. Arizona State Retirement System increased its stake in Hamilton Lane by 0.7% during the 4th quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock valued at $1,653,000 after purchasing 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 worth $224,000 after buying an additional 84 shares during the period. Finally, HighTower Advisors LLC raised its position in Hamilton Lane by 6.0% during the fourth quarter. HighTower Advisors LLC now owns 1,824 shares of the company’s stock valued at $270,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

HLNE opened at $137.73 on Friday. The company has a market capitalization of $7.64 billion, a P/E ratio of 25.41 and a beta of 1.32. The company has a 50-day moving average of $147.37 and a 200-day moving average of $162.69. 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 Incorporated has a 1-year low of $108.34 and a 1-year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $168.26 million during 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%. Hamilton Lane’s revenue was up 34.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. Equities analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.42%. Hamilton Lane’s dividend payout ratio is currently 36.16%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HLNE. Wells Fargo & Company decreased their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research report on Monday, January 6th. Finally, Morgan Stanley reduced their target price on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $165.29.

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.