OLD National Bancorp IN Purchases 155 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

OLD National Bancorp IN boosted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 10.3% in the first quarter, Holdings Channel.com reports. The firm owned 1,653 shares of the company’s stock after acquiring an additional 155 shares during the period. OLD National Bancorp IN’s holdings in Hamilton Lane were worth $246,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HLNE. Price T Rowe Associates Inc. MD increased its holdings in Hamilton Lane by 229.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company’s stock worth $191,321,000 after purchasing an additional 900,283 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Hamilton Lane by 28.4% in the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock valued at $577,681,000 after acquiring an additional 863,326 shares in the last quarter. Norges Bank bought a new position in shares of Hamilton Lane in the 4th quarter valued at about $68,909,000. Invesco Ltd. grew its holdings in shares of Hamilton Lane by 25.3% in the 4th quarter. Invesco Ltd. now owns 1,923,253 shares of the company’s stock valued at $284,738,000 after acquiring an additional 388,019 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Hamilton Lane in the 4th quarter valued at about $24,081,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Down 0.0%

Hamilton Lane stock opened at $151.67 on Wednesday. Hamilton Lane Incorporated has a 52 week low of $114.85 and a 52 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. The stock has a market capitalization of $8.41 billion, a P/E ratio of 27.98 and a beta of 1.25. The stock has a 50-day simple moving average of $152.82 and a 200 day simple moving average of $155.96.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Thursday, May 29th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $197.97 million during the quarter, compared to analysts’ expectations of $165.49 million. During the same quarter last year, the company posted $1.38 earnings per share. Hamilton Lane’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, June 20th. This represents a $2.16 dividend on an annualized basis and a yield of 1.42%. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.49. Hamilton Lane’s dividend payout ratio (DPR) is presently 40.07%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on Hamilton Lane from $162.00 to $155.00 and set a “market perform” rating for the company in a report on Monday, June 2nd. Wall Street Zen cut Hamilton Lane from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Oppenheimer cut Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, May 15th. Morgan Stanley decreased their price objective on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. decreased their price objective on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $164.29.

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.