2,108 Shares in Hamilton Lane Incorporated (NASDAQ:HLNE) Purchased by Townsquare Capital LLC

Townsquare Capital LLC bought a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,108 shares of the company’s stock, valued at approximately $312,000.

A number of other institutional investors have also made changes to their positions in HLNE. CBIZ Investment Advisory Services LLC increased 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 valued at $43,000 after purchasing an additional 61 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Hamilton Lane by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock valued at $705,000 after buying an additional 65 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Hamilton Lane by 0.7% in the 4th quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock valued at $1,653,000 after buying an additional 80 shares during the period. Lifestyle Asset Management Inc. boosted its holdings in Hamilton Lane by 5.9% during 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 period. Finally, HighTower Advisors LLC grew its position in Hamilton Lane by 6.0% in the 4th 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. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Oppenheimer raised 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. Keefe, Bruyette & Woods upped their price objective 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. Wells Fargo & Company decreased their target price on Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Morgan Stanley lowered their price objective on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $165.29.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $131.40 on Tuesday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a 52 week low of $109.84 and a 52 week high of $203.72. The firm’s 50 day moving average is $146.55 and its two-hundred day moving average is $162.09. The firm has a market capitalization of $7.28 billion, a P/E ratio of 24.24 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same period last year, the business earned $0.71 EPS. Hamilton Lane’s revenue for the quarter was up 34.3% compared to the same quarter last year. Research analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given 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 dividend yield of 1.49%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Hamilton Lane 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.